FED WATCH: Comments from a Fed official raised expectations that the Fed could start easing off its support for the economy soon, sending the stock market sharply lower in the late afternoon. The market recovered in the last hour of trading to end with slight losses.
WELCOME: General Motors gained 1.6 percent on news that the company will be added to the S&P 500 index on Thursday, replacing H.J. Heinz Co.
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FINAL SCORE: The Standard & Poor’s 500 index fell 9.04 points to 1,631.38, a drop of 0.6 percent. The Dow Jones industrial average lost 76.49 points to 15,177.54, down 0.5 percent.
