U.S. equity benchmarks started the session lower on Thursday, pulling back from their post-midterm election gains, as investors await the Federal Reserve’s November policy statement at 2 p.m. Eastern. Even though no major changes are expected, market participants will look for details on the outlook for economic growth, inflation, as well as further interest rate hikes and the fallout from the trade spat with China. Rising rates tend to weigh on stocks. The Dow Jones Industrial Average DJIA, +0.06% started the session 0.2% lower, while the S&P 500 SPX, -0.08% slipped 0.3%. The Nasdaq Composite Index COMP, -0.08% opened 0.4% lower.

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