Major stock markets on Wall Street kicked off Wednesday's session little changed, as investors continued weighing whether the Federal Reserve would be able to hike rates just enough to reach a soft landing and avoid prompting the United States economy to enter a recession.
The previous day was marked by news that Democrat Raphael Warnock prevailed against Trump-backed Herschel Walker in the Georgia Senate runoff election that took place yesterday. The Democrats will control 51 Senate seats over the next two years versus 49 held by the Republicans.
The Dow Jones slipped 0.16% at the opening bell. The Nasdaq 100 lost 0.39%. The S&P 500 fell by 0.24%. However, all three indices turned to positive territory shortly after the trading session began. The euro rebounded against the dollar by 0.60% at 9:24 am ET to sell for 1.05324 and hover around June levels.
