Reuters
U.S. stocks end mixed with Nasdaq at record close, dollar gains
WASHINGTON/LONDON (Reuters) -Wall Street shares were mixed on Wednesday, with the Nasdaq closing at a record high, while other major U.S. indexes ended lower alongside European stocks as traders eyed the latest statements from Federal Reserve officials. The market has whipsawed over the last week, feeling the aftereffects of the Fed’s surprise projection last week for rate increases as soon as 2023, which knocked stocks, boosted the dollar and led to the flattening of the U.S. bond yield curve. The dollar ended higher, reversing earlier losses on Wednesday as two Fed officials said that a period of high inflation in the United States could last longer than anticipated, a day after Fed Chair Jerome Powell played down rising price pressures.
