NEW YORK (AP) — Stocks gave up modest gains and turned lower in late afternoon trading Wednesday, giving the market its fifth straight decline. Earlier, the Federal Reserve stood pat on interest rates, as many had expected.
The Dow Jones industrial average lost 34.65 points, or 0.2 percent, to 17,640.17.
The Standard & Poor’s 500 index lost 3.82 points, or 0.2 percent, to 2,071.50.
The Nasdaq composite fell 8.62 points, or 0.2 percent, to 4,834.93.
For the week:
The Dow is down 225.17 points, or 1.3 percent.
The S&P 500 has fallen 24.57 points, or 1.2 percent.
The Nasdaq is down 59.62 points, or 1.23 percent.
For the year:
The Dow is up 215.14 points, or 1.2 percent.
The S&P 500 is up 27.56 points, or 1.4 percent.
The Nasdaq is down 172.48 points, or 3.4 percent.