Stocks End Mixed; Rebound Even As Fed Minutes Show Central Bank May Be Moving Closer to Rate Increase
Stocks ended mixed Wednesday, reversing a brief mid-afternoon slump that followed Federal Reserve minutes showing policy-makers last month appeared to be moving closer to a consensus on an exit strategy from their stimulus efforts for the American economy. Nine of the 10 industry sectors in the S&P 500 finished higher, with shares of consumer staples companies the lone sector failing to close above water. The Nasdaq Composite index also ended with a small loss after earlier hitting fresh intraday 14-year highs, with technology and health care stocks notching only slight gains.
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