Stocks Flat at Open before Fed Minutes

U.S. stocks opened little changed on Wednesday, as investors awaited the release of minutes from the Federal Reserve’s
June meeting. The Dow Jones Industrial Average lately rose 4.37 points, or 0.03%, to 15,304.71. The S&P 500 index was
up 0.60 point, or 0.04%, at 1,651.72. The Nasdaq Composite added 3.25 points, or 0.09%, to 3,507.51.

Later in the session at 2:00 p.m. EDT (1800 GMT), the minutes from the June 18-19 meeting of the U.S. Federal Open
Market Committee will be released and perused by investors for any signs of the central bank’s plan to trim its bond
buying program.

In a decision that could reshape how books are sold on the Internet, a federal judge ruled that Apple Inc (AAPL.O)
conspired to raise the retail prices of e-books in violation of antitrust law, and called for a trial on damages.

OPEC’s share of the world market will shrink in 2014 as rising supply of U.S. shale oil gives the exporter group
little comfort from the fastest growth in world demand in four years. In a monthly report, the Organization of the
Petroleum Exporting Countries forecast demand for its oil in 2014 would average 29.61 million barrels per day (bpd),
down 250,000 bpd from 2013 and 770,000 bpd less than it produced in June.

UnitedHealth Group Inc (UNH) on Wednesday said it expects its accountable care contracts to double to $50 billion by
2017, reimbursing far more doctors and patients according to how well and how economically medical care is delivered.

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