Wall Street ends mostly higher as FOMC meeting proceeds

US stock indices opened the second session of the week mixed after a spate of data from the US showed producer prices steadied at 0.4% as expected, while core prices slowed down to 0.3%. 

Now markets look upon the FOMC's last 2017 meeting today and tomorrow, with policymakers expected to unveil their three-year forecasts for inflation, growth, unemployment, and interest rates, while expected to also hike rates by 25 basis points for the third time this year. 

Dow Jones rose 0.49%, or 118.77 points to 23,504.80, while Standard and Poor's 500 gained 0.15%, or 4.12 points to 2,664.11. NASDAQ Composite shed 0.19%, or 12.76 points to 6,862.32. 

Gold futures due on February 16 dipped 0.06% to $1,246.20 an ounce from the opening of $1,246,90, while the dollar index rose 0.18% to 94.03 from the opening of 93.87. 

Otherwise, US West Texas Intermediate declined 1.28% to $57.25 a barrel from the opening of $57.99, while Brent futures due on February 15 shed 1.70% to $63.59 a barrel from the opening of $64.69.