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March 20, 2019, 4:02 p.m. EDT

Stocks end slightly lower after giving up post-Fed gains

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By William L. Watts

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 /zigman2/quotes/210599714/realtime SPX +0.50% ending 0.3% lower near 2,824, according to preliminary figures, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.30% shed more than 140 points, or 0.5%, to finish near 25,746. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.95% clung to a gain, ending 0.1% higher near 7,729. Financial stocks were a drag, feeling heat as the Fed decision prompted a sharp decline in Treasury yields, a negative for lenders. Financials led sector losers in the S&P 500, falling 2.1%.

/zigman2/quotes/210599714/realtime
US : S&P US
3,115.86
+15.57 +0.50%
Volume: 2.70B
July 1, 2020 5:11p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,734.97
-77.91 -0.30%
Volume: 373.98M
July 1, 2020 5:11p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,154.63
+95.86 +0.95%
Volume: 4.20M
July 1, 2020 5:16p
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