US stocks open flat ahead of Fed rate decision

Wall Street's main indexes opened muted on Wednesday ahead of the outcome of the Federal Reserve's rate-setting meeting in which the central bank will seek to balance inflation and banking sector concerns.

The Dow Jones Industrial Average rose 9.59 points, or 0.03%, at the open to 32,570.19.

The S&P 500 opened lower by 0.83 points, or 0.02%, at 4,002.04, while the Nasdaq Composite dropped 2.61 points, or 0.02%, to 11,857.50 at the opening bell. (Reporting by Amruta Khandekar; Editing by Saumyadeb Chakrabarty)