Investors are watching to see whether the Fed can lift spirits on Wall Street, as concern mounts over a new set of worries including oil and Russia. Central bankers wrap-up their final meeting of the year this afternoon.
The skidding price of oil - which hit new multiyear lows this morning - is ratcheting up concern over the global economy, with the beginning of a two-day Fed meeting today also presenting a wildcard for investors.
Stocks are looking for positive momentum today, after the Dow staged a comeback Tuesday from a 222 points decline to close off just 51 points. But blue-chips did log their first back-to-back losses since mid-October.