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Wall Street opens flat, tech drags ahead of Fed

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(Reuters) - U.S. stocks opened little changed on Wednesday as traders moved cautiously ahead of an expected Federal Reserve interest rate hike, while a drop in Facebook Inc’s (FB.O) shares on privacy concerns again weighed on the technology sector.

The Dow Jones Industrial Average .DJI rose 7.71 points, or 0.03 percent, to 24,734.98. The S&P 500 .SPX lost 2.56 points, or 0.09 percent, to 2,714.38. The Nasdaq Composite .IXIC dropped 15.35 points, or 0.21 percent, to 7,348.95.

Reporting by Sruthi Shankar in Bengaluru; Editing by Savio D'Souza

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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