Wall St. ends down after Fed statement, GDP data

"We all know the Fed would love to start normalizing rates, but the simple fact is, the data does not warrant that action right now," said Wayne Kaufman, chief market analyst at Phoenix Financial Services in New York. While concerned about lingering economic weakness, U.S. investors also are worried about the possibility of the Fed raising interest rates too soon. Seven of the 10 S&P 500 sectors ended lower, with just energy, financials and materials in positive territory. Insurer