Stocks veer mostly lower even after Fed forecasts low rates

Stocks veer mostly lower even after Fed forecasts low rates

4 years ago
Anonymous $GRbK1oXs9y

https://apnews.com/4bca581d851e21816c297498e44cf52b

U.S. stock indexes were mostly lower Wednesday afternoon in choppy trading after the Federal Reserve said it expects to keep interest rates low through 2022 and keep up its bond purchases.

The S&P 500 was down 0.5% after initially rising to 0.4% following the release of the central bank's latest policy statement. A surge in technology sector stocks helped push the Nasdaq above 10,000 for the first time, placing it on track for its third record high close in a row.

Stocks veer mostly lower even after Fed forecasts low rates

Jun 10, 2020, 7:41pm UTC
https://apnews.com/4bca581d851e21816c297498e44cf52b > U.S. stock indexes were mostly lower Wednesday afternoon in choppy trading after the Federal Reserve said it expects to keep interest rates low through 2022 and keep up its bond purchases. > The S&P 500 was down 0.5% after initially rising to 0.4% following the release of the central bank's latest policy statement. A surge in technology sector stocks helped push the Nasdaq above 10,000 for the first time, placing it on track for its third record high close in a row.