U.S. stocks close lower on lack of explicit Fed policy direction
NEW YORK, May 3 (Xinhua) -- U.S. stocks sank in late session and ended lower on Wednesday as the Federal Reserve didn't give a clear signal on a pause or cut of interest rate hike.
The Dow Jones Industrial Average fell 270.29 points, or 0.80 percent, to 33,414.24. The S&P 500 was down 28.83 points, or 0.70 percent, to 4,090.75. The Nasdaq Composite Index dropped 55.18 points, or 0.46 percent, to 12,025.33.