A brief afternoon rally fades, leaving US indexes mixed

A brief afternoon rally fades, leaving US indexes mixed

By The Associated Press | Posted - May 20, 2015 at 2:23 p.m.


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NEW YORK (AP) — A brief afternoon rally faded away on Wall Street, leaving indexes narrowly mixed on the day.

The short-lived advance Wednesday came after minutes from the Federal Reserve's latest meeting suggested the central bank wouldn't begin raising interest rates next month.

The Dow Jones industrial average slipped 27 points, or 0.2 percent, to 18,285.

The Standard & Poor's 500 index gave up two points, or 0.1 percent, to 2,125. The Nasdaq composite rose a point, less than 0.1 percent, to 5,071.

All three indexes wavered between gains and losses throughout the day.

Etsy plunged 18 percent after reporting a big quarterly loss in its first quarter as a publicly traded company.

Home improvement retailer Lowe's sank 5 percent after its income and revenue fell short of analysts' estimates.

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