REFILE-US STOCKS SNAPSHOT - Wall St dips as Merck drags; Fed on tap

Wed May 1, 2013 10:13am EDT

By Chuck Mikolajczak

NEW YORK May 1 (Reuters) - Wall Street edged lower at the open on Wednesday, weighed by weak results from Merck as investors waited to hear from the U.S. Federal Reserve on the state of the economy.

The Dow Jones industrial average dropped 41.40 points, or 0.28 percent, to 14,798.40. The Standard & Poor's 500 Index lost 3.14 points, or 0.20 percent, to 1,594.43. The Nasdaq Composite Index shed 2.55 points, or 0.08 percent, to 3,326.24.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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