Stocks Close Mixed As Optimism High Over Interest Rates
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iStock/Thinkstock(NEW YORK) — Stocks were little changed on Wednesday, but the blue chip average remains at a record high.
The Dow Jones Industrial Average finished the session on Wednesday at 18,224.57, up 15.38 from its open.
The Nasdaq, however, fell by 0.98 to close at 4,967.14. The S&P 500 also fell by 1.62 points to close at 2,113.86.
Fed Chair Janet Yellen was back for more grilling on Wednesday by a House committee as optimism remains high that interest rates won’t be raised soon.
New home sales were basically flat in January, evidence that recent job gains have yet to spur the real estate market, according to analysts.
TJX Companies, the owner of T.J Maxx, Marshalls, and Home Goods stores, said on Wednesday it will boost pay for its U.S. workers. The announcement came a week after Wal-Mart said it would increase wages for some of its employees.
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