Stocks Mixed On Hawkish Fed Comments

Wall Street was mixed Wednesday, after the Federal Reserve paused its interest rate hike campaign. The central bank, however, said more rate hikes are likely to come later in the year. The Dow snapped its six-day winning streak after shedding more than 230 points, while the S&P 500 and Nasdaq extended their run to five straight, logging moderate gains.

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OIL PRICES FALL AFTER EIA REPORT

Oil futures dipped Wednesday, following the Energy Information Administration's (EIA) report that showed weekly increases in U.S. crude, gasoline, and distillate supplies. For the session, July-dated crude shed $1.15, or 1.7%, to close at $68.27 per barrel.

Gold futures moved higher after the Fed's latest interest rate decision. August-dated gold gained $10.30, or 0.5%, to close at $1,968.90 an ounce today.


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Stocks Mixed Before Anticipated Rate-Hike Pause
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