Dow Fails to Regain 11,000
NEW YORK ( TheStreet) -- Stocks finished near the flat line after the Federal Open Market Committee released minutes in the afternoon from its March 16 meeting, offering a mixed assessment of the economic recovery and little indication about when an interest rate increase would come.
With the Dow Jones Industrial Average hovering just below the 11,000 mark, investors also wondered whether stocks could push the index back to a level not seen since September 2008.
But it was not to be Tuesday, as the Dow fell 4 points, or 0.03%, to close at 10,970. But the S&P 500 improved by nearly 2 points, or 0.2%, at 1189, as the Nasdaq went higher by 7 points, or 0.3%, at 2437.
The market had awaited hints in the FOMC minutes of when the group plans to hike its key rate from its near-zero level. But the group offered few giveaways, continuing to suggest economic concerns will probably keep a rate hike at bay in the immediate term. During the meeting,
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