Stocks end slightly lower as Fed hints at September rate hike

July 27, 2016 8:08 PM

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Stocks end slightly lower as Fed hints at September rate hike

U.S. stocks ended slightly lower Wednesday after the Federal Reserve said improving economic conditions could justify an interest-rate hike as soon as September.

The S&P 500 shed 3 points, or 0.1% to 2,166, as declines in utilities and consumer-staples shares weighed on the index. The Dow industrials finished flat at 18,472, despite a strong performance by Apple Inc. , which reported stronger-than-expected quarterly earnings late Tuesday. The Nasdaq Composit...

Also read: Solid Job Growth Strengthens Prospect for a Fed Rate Increase

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