U.S. stocks delivered a mixed finish Wednesday after an early rally faded away. Traders were encouraged to hear Federal Reserve Chair Janet Yellen say that the central bank will be cautious about raising interest rates.
The Dow Jones industrial average fell 99.64 points, or 0.6 per cent, to 15,914.74.
The Standard & Poor’s 500 index lost 0.35 points, or 0.02 per cent, to 1,851.86.
The Nasdaq composite index added 14.83 points, or 0.4 per cent, to 4,283.59.
For the week:
The Dow is down 290.23 points, or 1.8 per cent.
The S&P 500 is down 28.19 points, or 1.5 per cent.
The Nasdaq is down 79.55 points, or 1.8 per cent.
For the year:
The Dow is down 1,510.29 points, or 8.7 per cent.
The S&P 500 is down 192.08 points, or 9.4 per cent.
The Nasdaq is down 723.82 points, or 14.5 per cent.