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Article: Stocks Mixed As Investors Weigh Fed News
- Article from:
- AP Online
- Article date:
- May 5, 2004
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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MEG RICHARDS, AP Business Writer
AP Online
05-05-2004
Dateline: NEW YORK
Air France President & COO Pierre-Henri Gourgeon, left, and KLM CFO Rob A. Ruijter hold model planes of their respective airlines at a New York Stock Exchange breakfast, Wednesday May 5, 2004 prior to opening bell ceremonies. (AP Photo/Richard Drew)
Stocks were mixed Wednesday as uncertain investors absorbed the latest statement from the Federal Reserve, which indicated an interest rate hike is indeed forthcoming.
In late morning trading, the Dow Jones industrial average declined 2.91, or 0.03 percent, to 10,314.29. The broader gauges were fractionally higher. The Nasdaq composite index added 8.41, or 0.4 percent, ...