Closing Report: FireEye Spikes on Takeover Talk; U.S. Stocks Lose Gains

An unsurprising Fed meeting helped stocks retain gains up until a sudden reversal just a half hour before the end of the session. The central bank opted to leave rates unchanged in June as Wall Street expected. Fed Chair Janet Yellen expressed confidence in the U.S. economy, reiterating her belief in growth at a moderate pace. Yellen noted first-quarter weakness appeared temporary and that the Fed would stick to its plan to gradually increase rates. FireEye (FEYE) - Get Report spiked on reports it had received and rejected a number of takeover offers from the likes of Cisco (CSCO) - Get Report and IBM (IBM) - Get Report . Shares climbed earlier in the week after Symantec (SYMC) - Get Report bought fellow security tech developer Blue Coat. Macy's (M) - Get Report workers at New York City locations could go on strike if a labor agreement is not struck by midnight. A strike would be the first for Macy's in NYC in more than four decades.