(CNBC) — U.S. stocks closed mixed Wednesday, amid sharp declines in Apple shares on disappointing earnings, as investors eyed the Fed statement.
The Dow Jones industrial average and S&P 500 held post-Fed gains to close slightly higher and within 2 percent of their all-time highs hit last May. The Nasdaq composite closed well off lows but 7 percent below its 52-week intraday high and erasing gains for April so far. The index posted its first five-day losing streak since January 11.
Information technology closed 0.8 percent lower as the greatest decliner in the S&P as Apple fell more than 6 percent. Telecoms and energy led advancers. Facebook closed a touch higher ahead of its after-the-bell earnings report.
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