Dow, S&P 500 close lower after Fed news conference
Stocks ended mostly lower Wednesday, unable to maintain gains seen after Federal Reserve policy makers signaled they would deliver no rate increases this year and offered a detailed plan to end the wind-down of its balance sheet. After erasing early losses to turn higher in the wake of the announcement, stocks drifted back into negative territory, with the S&P 500 SPX, -0.29% ending 0.3% lower near 2,824, according to preliminary figures, while the Dow Jones Industrial Average DJIA, -0.
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