S&P 500 turns negative despite Fed’s pledge to keep rates near zero, tech stocks lead losses; European markets close higher ahead of Fed announcement; BELEX15 still flat; America’s DFC and EXIM Bank sign an LoI on construction of Niš-Priština motorway 
The S&P 500 gave up its earlier gains on Wednesday, with major tech shares dropping, after the Federal Reserve indicated it will keep interest rates lower over the next few years. The broader market index was down 0.1% in the final hour of trading. The Nasdaq Composite hit its session low, falling 0.8%. The Dow Jones Industrial Average was well off its high, trading just 106 points higher, or 0.4%. 
Apple shares dropped more than 2.5%. Facebook slid 3.3%. Amazon and Netflix were down 1.4% and 2%, respectively. Alphabet slid about 1% and Microsoft dropped 1.4%. Gains in Goldman Sachs and JPMorgan Chase helped keep the Dow higher; the stocks were up 1.7% and 0.5%, respectively. 
In corporate news, one of the hottest initial public offerings of 2020 opened for trading on Wednesday. Data storage software company Snowflake surged more than 100% in its public-market debut. The IPO was priced at $120 per share. 

European stocks closed higher on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s two-day meeting. The pan-European Stoxx 600 provisionally ended up 0.4%, with mining stocks climbing 1.3% to lead gains, while autos dropped 0.3%. 
In terms of individual share price moves, chipmaker AMS rallied more than 8% after Hauck & Aufhaeuser reaffirmed its “buy” rating on the stock. Zara owner Inditex climbed more than 7% after announcing a return to profit amid recovering sales, while Swedish telecoms company Sinch and Dutch chemicals distributor IMCD gained more than 8%. 

Even though it may sound strange, BELELX15 has remained flat for the fourth day in a row. The most active names in terms of volume, were Komercijana Banka with RSD 2.4m traded and NIS which generated RSD 1.4m. All other names were not worth mentioning. 
Following the signing of the economic normalization agreement by Serbia and Kosovo on September 4 in Washington, D.C., U.S. International Development Finance Corporation’s (DFC) Chief Executive Officer, Adam Boehler and EXIM Bank Chairwoman, Kimberly Reed signed Letters of Interest (LOI) today with Serbia and Kosovo to help finance construction of the so-called The Peace Motorway. This project would connect Nis and Priština and has long been a key piece of normalization talks between Serbia and Kosovo. 
Source: CNBC, Ilirika