Closing Bell: H&R Block to Cut 250 Jobs; U.S. Stocks End Mixed

Wall Street tried for gains across the board on Wednesday as crude spiked and the Fed proved its dovishness yet again.
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Wall Street tried for gains across the board on Wednesday as crude spiked and the Fed proved its dovishness yet again. But, disappointing tech earnings from Apple (AAPL) - Get Report and Twitter (TWTR) - Get Report prevented the sector from joining in on positive momentum. The Fed opted to keep its federal funds rate unchanged in April and maintained its views on the economy. The decision to hold rates pat was near unanimous with Esther George, president of the Kansas City Fed, the only dissenter. The Fed will meet again in June. H&R Block (HRB) - Get Report was down after announcing that it will cut 250 jobs, or 13 percent of its workforce. The job cuts come after a disappointing tax season in which the number of U.S. tax returns it handled fell nearly 6 percent. TheStreet's Keris Lahiff has results from Wall Street.