U.S. benchmark stock indexes closed mostly lower Wednesday, after the Federal Reserve said it would likely hold interest rates near zero until at least 2023 given the outlook for inflation and employment in the wake of the coronavirus pandemic, but also indicated risks to the economy remain.

Initially, good earnings from the likes of FedEx provided some support, as did talk of coronavirus vaccine distribution plans by the White House, and upbeat sentiment about the latest batch of IPOs, including the cloud software company, Snowflake.

How did equity benchmarks perform?

The Dow Jones Industrial Average DJIA, +0.13%  added 36.78 points, or 0.1%, to finish at 28,032.38, while the S&P 500 index <a data-track-hover="QuotePeek" data-charting-symbol="INDEX/US/S&P

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