U.S. stocks delivered a mixed finish Wednesday after an early rally faded away. Traders were encouraged to hear Federal Reserve Chair Janet Yellen say that the central bank will be cautious about raising interest rates.
U.S. stocks closed sharply lower on Monday following a steep sell-off in materials, financials and technology stocks. The market pared its losses by the end of the day but still ended down for the second day in a row.
The Dow Jones Industrial Average(INDEXDJX:.DJI) tracks the performance of 30 major U.S. companies, from Apple Inc. (NASDAQ: AAPL) and American Express Company (NYSE: AXP) to UnitedHealth Group Inc (NYSE: UNH) and Wal-Mart Stores, Inc.