Wall Street Mixed as Focus Shifts to Fed’s Taper Decision

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, on Aug. 9, 2021. Andrew Kelly/Reuters

U.S. stocks indexes traded mixed in a narrow range on Wednesday as investors looked ahead to the Federal Reserve’s widely expected move to signal the withdrawal of its pandemic-era support, while Activision Blizzard slid on a leadership change.

Six of the 11 major S&P sectors fell, with energy and industrials declining the most. The banking sub-index was down 0.4 percent.