The S&P 500 finished a volatile session nearly flat on
Wednesday as the Federal Reserve gave no hint that a reduction in the pace of
its bond-buying program is imminent.
The benchmark index pulled back just before the close after rising
within 2 points of 1,700, a key resistance level that the S&P 500 has
struggled to break. All three major U.S. stock indexes posted sharp gains for July,
however, with the S&P 500's 5 percent increase its best monthly percentage
gain since January.
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