Stocks end choppy session mixed with Fed in focus


U.S. stocks were mixed Friday to cap a choppy trading session as investors continued to contemplate the next policy moves by the Federal Reserve.

The S&P 500 closed down roughly 0.3% after attempting a comeback to end a three-week winning streak, while the Dow shook off earlier losses to climb 140 points, or 0.4%. The Nasdaq Composite shed 1.3% after underperformance in tech stocks held the index firmly in the red the entire session.

Fresh commentary from Fed officials remained in focus, as another set of speakers offered a mixed set of commentary on the policy path forward for the central bank. St. Louis Fed President James Bullard said Thursday that he wanted the Fed to get to between 3% and 3.25% on the Fed funds rate in the second half of this year, implying more aggressive, front-loaded interest rate hikes in the near-term. Bullard was the only dissenter in the Fed’s March meeting, calling for a larger 50 basis point interest rate hike versus the 25…

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