Stocks lose steam in wake of Fed statement

By Chuck Mikolajczak NEW YORK (Reuters) - The S&P 500 ended slightly lower on Wednesday, as an initial boost from the likes of Apple, Boeing and General Electric following their quarterly results faded in the wake of a policy announcement from the Federal Reserve. Stocks initially showed little reaction to the Fed's policy statement but steadily lost ground on the heels of a news conference by chairman Jerome Powell

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