U.S. Stocks Opened Lower as Wall Street Focuses on the Fed

Stocks were lower and fixated on the Fed at Wednesday’s opening bell. Investors are bracing themselves for the FOMC statement at 2 pm, eastern as the central bank concludes its two-day meeting on interest rates. Despite low rates, mortgage applications fell last week. The Mortgage Bankers Association reported its weekly tally dropped 3.9%. Windows 10 is on its way this summer. Microsoft (MSFT) plans to release the operation system in 190 countries. Kraft Foods (KRFT) is recalling 242,000 cases of its Macaroni & Cheese because some packages could contain small metal pieces.

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