US Stocks Finish Flat After Powell Comments on Rate Path
Workers shovel snow in front of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks rose off of session lows on Wednesday after Federal Reserve Chair Jerome Powell said labor market weakness or a decline in tariff-induced inflation could lead to looser monetary policy after the central bank left rates unchanged.
The S&P 500 Index ended the day little changed as declines in the real estate, health care and consumer staples sectors offset gains in energy and information technology. Earlier in the session, the US benchmark surpassed the 7,000-point milestone for the first time.