By msnbc.com news services
Stocks were struggling Wednesday, after a four-day string of gains, ahead of the conclusion of the U.S. Federal Reserve's two-day policy meeting.
The Fed is set to announce its monetary policy decision at 12:30 p.m. and many economists expect the central bank to extend its "Operation Twist," a program aimed at pushing down longer-term interest rates in a bid to support the economy.
Greek center-left parties are poised to back a conservative-led coalition but may keep their own political leaders from joining a government that faces grinding battles over the austerity demands of foreign creditors.
Related: Slowing economy could force Fed to take action
Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy.
Procter & Gamble Co forecast annual earnings for its coming fiscal year would be between flat and up by a mid-single digit percentage amount, with underlying sales set to show a 2 to 4 percent increase.
Adobe Systems Inc dipped after the maker of Photoshop and Acrobat software cut its full-year revenue outlook as weak demand in Europe could affect sales of the recently launched versions of its popular design software.
PepsiCo said it sees unfavorable exchange rates hurting 2012 profit more than the maker of Frito-Lay snacks, Quaker oatmeal and Tropicana orange juice had previously expected.
Reuters contribute to this report.
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