Major stock-market benchmarks ended with small losses Wednesday after the Federal Reserve, as expected, left interest rates near zero and indicated it was in no rush to begin thinking about withdrawing monetary support to the economy. The Dow Jones Industrial Average fell around 162 points, or 0.5%, to end near 33,823, according to preliminary figures. The S&P 500 fell around 3 points, or 0.1%, to close near 4,183 after hitting an all-time intraday high of 4,201.53 during Fed Chairman Jerome Powell’s news conference. The Nasdaq Composite lost around 39 points, or 0.3%, to finish near 14,051.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.