A brief afternoon rally fades, leaving US indexes mixed
May 20, 2015, 1:24 PM
FILE - This Oct. 2, 2014 file photo shows the facade of the New York Stock Exchange, in New York. Stocks are opening mostly lower Wednesday, May 20, 2015, as traders look over some disappointing company results. (AP Photo/Richard Drew, File)
(AP Photo/Richard Drew, File)
NEW YORK (AP) — A brief afternoon rally faded away on Wall Street, leaving indexes narrowly mixed on the day.
The short-lived advance Wednesday came after minutes from the Federal Reserve’s latest meeting suggested the central bank wouldn’t begin raising interest rates next month.
The Dow Jones industrial average slipped 27 points, or 0.2 percent, to 18,285.
The Standard & Poor’s 500 index gave up two points, or 0.1 percent, to 2,125. The Nasdaq composite rose a point, less than 0.1 percent, to 5,071.
All three indexes wavered between gains and losses throughout the day.
Etsy plunged 18 percent after reporting a big quarterly loss in its first quarter as a publicly traded company.
Home improvement retailer Lowe’s sank 5 percent after its income and revenue fell short of analysts’ estimates.
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