A brief afternoon rally fades, leaving US indexes mixed

Staff Writer
Columbus CEO

NEW YORK (AP) — A brief afternoon rally faded away on Wall Street, leaving indexes narrowly mixed on the day.

The short-lived advance Wednesday came after minutes from the Federal Reserve's latest meeting suggested the central bank wouldn't begin raising interest rates next month.

The Dow Jones industrial average slipped 27 points, or 0.2 percent, to 18,285.

The Standard & Poor's 500 index gave up two points, or 0.1 percent, to 2,125. The Nasdaq composite declined a point, less than 0.1 percent, to 5,071.

All three indexes wavered between gains and losses throughout the day.

Etsy plunged 18 percent after reporting a big quarterly loss in its first quarter as a publicly traded company.

Home improvement retailer Lowe's sank 5 percent after its income and revenue fell short of analysts' estimates.