Stocks End with Modest Losses

Investors appear cautious ahead of the Federal Reserve's policy announcment Thursday

Major stock indexes closed lower Wednesday, as a drop in oil prices and improved first-quarter GDP reading failed to create buying momentum after Tuesday's rally. Trading was cautious ahead of Thursday's Federal Reserve policy announcement, according to Standard & Poor's MarketScope. A 6% jump in software maker Oracle, which reported stronger than expected earnings, helped limit losses in the Nasdaq.

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