Dow clings to gain as stocks post mixed finish

42005 dow clings to gain as stocks post mixed finish

U.S. stocks ended near unchanged Wednesday, with the Dow Jones Industrial Average hanging on to a small gain, as investors weighed remarks by Federal Reserve Chair Jerome Powell. The Fed chief, speaking at a central banking conference in Portugal, said that he sees a path back to 2% inflation while sustaining a strong labor market as monetary policy tightens, but warned there was “no guarantee that we can do that.” The Dow DJIA, +0.27% ended around 81 points higher, up 0.3%, near 31,028, according to preliminary figures. The S&P 500 SPX, -0.07% fell around 3 points, or 0.1%, to close near 3,819, while the Nasdaq Composite COMP, -0.03% lost less than 0.1% to finish near 11,178.

Source: Marketwatch

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