S&P 500 ends lower after Fed statement
The Nasdaq continued its relentless climb to hit another record high, but the Dow and S&P 500 finished lower in a choppy session Wednesday. While the Federal Reserve reassured investors that it'll provide more support to the economy and keep rates low, it also forecast a 6.5% drop in economic growth this year and unemployment at a 9.3% rate.The Dow shed 1%, the S&P fell a half percent, but the Nasdaq closed above 10,000, adding two-thirds percent.Gerber Kawasaki CEO Ross Gerber praised F
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