U.S. stocks whipsawed throughout the day but closed lower on Thursday after the Federal Reserve left interest rates unchanged. The main indexes initially surged, but gradually gave up gains as the central bank’s Chairwoman Janet Yellen explained the Fed’s moves at the press conference. The S&P 500 fell 5.11 points, or 0.3%, to 1,990.20. The Dow Jones Industrial Average jumped as high as 190 points, but closed 65.21 points, or 0.4%, lower at 16,674.74. The Nasdaq Composite ended the day slightly higher, up 4.71 points, or 0.1% at 4,893.95.
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