U.S. stocks fell on Wednesday, with the S&P 500 snapping
a four-day streak of gains after the Federal Reserve said it had a weaker
growth outlook for the economy, even as it held steady with its stimulus
program for the time being.
Trading was volatile following the release of the statement,
with the major U.S. stock indexes cutting losses to turn flat and dropping to
session lows. Almost 70 percent of stocks on both the New York Stock Exchange
and Nasdaq declined, while all 10 S&P 500 sector indexes fell.
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