By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — The U.S. stock market remains largely quiet on Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading.

The S&P 500 slipped 0.2% in early trading and remains near its all-time high, which was set in October. The Dow Jones Industrial Average was down 88 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5% lower.

Among the market’s few big movers was GE Vernova, which flew 15% higher after raising its forecast for revenue and other financial measures through 2028.

Cracker Barrel Old Country Store sank 2.1%. It reported better results for the latest quarter than analysts expected but also cut its forecast for revenue

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