LONDON (ShareCast) - US stocks are mixed as investors wade through existing home sales data.
The National Association of Realtors' report on existing homes sales for May rose 2.4% to a seasonally adjusted annual rate of 4.77m, from a downwardly
revised 4.66m in April.
Later today, the Federal Reserve begins its two-day meeting on monetary policy. The Fed is expected to keep rates on hold, near zero.
Across the markets, the Dow Jones (news) is seen down 3 points to 8335 while the Nasdaq (NASDAQ: news) is down 1 point to 1764. The S&P 500 is 2 points higher.
In company news, grocery store chain operator Kroger Co (NYSE: KR - news) 's saw first quarter profit jump to $435.1m, compared with $386m in the same period last year. Sales were $22.8bn, down slightly from $23.1bn last year.
Tech giant Oracle (NASDAQ: ORCL - news) will report earnings after the close, expected to have earned 44 cents per share after earning 47 cents a year ago.
Meanwhile, also in focus will be the demand for Treasury Department's auction of $60bn in two-year notes.
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