Wall Street opens mostly lower ahead of Fed

US stock indices opened the third session of the week mixed, after a spate of US data, while markets await the Federal Reserve's policy decisions later today. 

Earlier US data showed the trade deficit widened to $128.2 billion from $101.5 billion in the third quarter, missing expectations of a $125B deficit, while existing home sales rose 3% in February to an annualized 5.54 million units, compared to a 3.2% drop in January to 5.38 million, while analysts expected a 0.4% rise to 5.41 million. 

Now investors await the results of the FOMC's meeting today under new Chair Jerome Powell, as analysts expect policymakers to hike interest rates to between 1.50% and 1.75%, while unveiling their three-year forecasts for growth, inflation, unemployment, and interest rates. 

As of 02:07 GMT, Standard and Poor's 500 inched down 0.04%, or 1.14 points to 2,715.80, while Dow Hones dipped 0.09%, or 21.24 points to 24,706.03. 

Tech-heavy NASDAQ rose 0.04%, or 3.21 points to 7,367.51.