U.S. stocks struggle for direction as traders await Fed decision

U.S. stock indexes are mostly lower in cautious trades on Wednesday, as the focus turns to the Federal Reserve interest rate decision later in the day, while private-sector employment in April increased more than expected.

How are stocks trading

On Tuesday, the Dow Jones Industrial Average fell 367 points, or 1.08%, to 33685, the S&P 500 declined 48 points, or 1.16%, to 4120, and the Nasdaq Composite dropped 132 points, or 1.08%, to 12081.

What’s driving markets

Stocks…