US stocks: S&P 500, Nasdaq end lower after Fed rate decision - Qoneqt
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    Rohit Bajirao Deore in India

    02 May 08:00 AM


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    US stocks: S&P 500, Nasdaq end lower after Fed rate decision

    Wall Street stocks finished a choppy session mostly lower while the dollar retreated Wednesday after the Federal Reserves latest decision to hold interest rates steady. US equities had rallied following a comment from Fed Chair Jerome Powell dismissing further interest rate hikes as "unlikely." But equities soon gave up those gains, leaving two of the three major indices in the red at the close.