Major stock indexes closed mixed Wednesday after the Fed raised its key lending rate by a quarter point to 1% to 1.25%, and also agreed on details to start shrinking its balance sheet this year.
The Nasdaq lost 0.7%, the S&P 500 fell 0.1% as both pared losses in the final hour. The Dow Jones industrial average climbed 0.2%. The Russell 2000 small-cap index gave back 0.7%. Volume on the NYSE was higher than Tuesday’s level while Nasdaq volume was lower, early figures showed.