[Breaking] Fed Holds Rates Steady in April... New York Stocks End Mixed Ahead of Big Tech Earnings
With the U.S. Federal Reserve (Fed) holding its benchmark interest rate steady for the third consecutive time, the three major U.S. stock indexes ended mixed on April 29 (local time), ahead of major Big Tech earnings announcements.
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On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed down 0.57% compared to the previous trading day. The S&P 500 index, which is weighted toward large-cap stocks, slipped 0.04%, while the tech-heavy Nasdaq index edged up 0.04% at the close.
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