U.S. stocks turned lower on Wednesday as the Federal Reserve's Chairwoman Janet Yellen began the news conference following the Fed's policy announcement, raising key interest rate by a quarter of a percentage point. Yellen said the Fed believed the planned reduction in its $4.5 trillion balance sheet should be "gradual" and "predictable." The S&P 500 was down 6 points, or 0.3% at 2,434. The Nasdaq Composite declined 30 points, or 0.5%, to 6,189. The Dow Jones Industrial Average futures traded 10 points, or 0.1%, lower at 21,318. The yield on the 2-year Treasury note , the most sensitive to changes in Fed policy, trimmed earlier decline and was recently down 3 basis points to 1.34%.
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