US stocks: S&P 500, Nasdaq end lower after Fed rate decision
Thursday, 2 May 2024 ()
Wall Street stocks finished a choppy session mostly lower while the dollar retreated Wednesday after the Federal Reserve's latest decision to hold interest rates steady. US equities had rallied following a comment from Fed Chair Jerome Powell dismissing further interest rate hikes as "unlikely." But equities soon gave up those gains, leaving two of the three major indices in the red at the close.
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