While you were sleeping: Pfizer weighs on Wall St

Tue, 01 May 2018

By Margreet Dietz May 2 (BusinessDesk) - Wall Street was mixed as a slide in Pfizer shares weighed on the Dow, while Federal Reserve policy makers began their two-day meeting. The Federal Open Market Committee is not expected to announce an interest rate hike at the end of its meeting on Wednesday though investors are hungry for clues whether signs of rising inflation will prompt a steeper path of rate increases. “There is a tug-of-war in the market as to whether or not the economy is gaining strength, or whether or not it continues t...

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