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Thursday, July 28, 2016

Wall Street ends lower after Fed keeps rates unchanged

Wall Street ended lower on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a possible rate increase later this year.

The S&P 500 recently traded at about 17.2 times expected earnings, up from about 16.5 at the start of the year, according to Thomson Reuters Datastream.

In a volatile session, the Dow Jones industrial average finished down a marginal 0.01 percent at 18,472.17 points and the S&P 500 ended down 0.12 percent at 2,166.58.

The Nasdaq Composite added 0.58 percent to 5,139.81.

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