The New York Stock Exchange (NYSE) showed a mixed performance on Wednesday, after the Federal Reserve kept interest rates unchanged at a historically low level near 0%, vowing to continue to use its full range of tools to support the economy on the road to recovery from the coronavirus crisis.<\/p>\n\n\n\n
The Dow Jones Industrial Average lost 127.59 points, or 0.4%, to finish at 34,930.93 points, erasing earlier gains, while the S&P 500 index closed nearly unchanged at 4,400.64 points.<\/p>\n\n\n\n
Meanwhile, the Nasdaq Composite index added 102.01 points, or 0.7%, and settled at 14,762.58 points, amid a positive performance by tech stocks.<\/p>\n\n\n\n
Wall Street investors are relatively optimistic by the Fed\u2019s not rushing to scale back its large support measures, with the low-interest rates and huge asset purchases at $120 billion a month.<\/p>\n\n\n\n
However, taper talks are weighing on the market, after Fed Chairman Jerome Powell pointed to the continuous risks from the pandemic and the spreading Delta variant.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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