Stocks Hold Losses As Fed Appears Open To September Hike

By Anora MahmudovaMarketsMarketWatch Pulse

U.S. stocks maintained modest losses after the Federal Reserve left interest rates unchanged but central bankers appeared more open to a September increase in light of an improved economy. In the accompanying statement, the Fed said the labor market is stronger and the near-term risks from overseas have diminished. The S&P 500 index was off by 6 points, or 0.3% to 2,163. The Dow Jones Industrial Average was off by less than 0.1% at 18,462, while the Nasdaq Composite Index was up 20 points, or 0.3%, at 5,131.

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