Reuters: James St. Aubin on Yin and Yang of S&P 500 news
"S&P 500, Nasdaq close slightly higher after soft services sector data, Fed comments"
NEW YORK -- The S&P 500 and Nasdaq closed higher on Wednesday after data showing the U.S. services industry growth slowed further in March, but the advance was limited after Federal Reserve Chair Jerome Powell indicated a cut in interest was still not in sight.
Most of the major S&P 500 sectors advanced, led by gains in energy (.SPNY), materials (.SPLRCM), and communication services (.SPLRCL).
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