U.S. stocks finished mostly lower on Wednesday after Federal Reserve Chairman Jerome Powell downplayed the risk of inflationary pressures. The S&P 500 was down 0.1% to 3,910. The Dow Jones Industrial Average rose 63 points, or 0.2%, to 31,438, surpassing the previous record close of 31,385.76. The Nasdaq Composite fell 0.3% to 13,973. Powell said he was committed getting Americans back to work, in remarks made to the Economic Club of New York. Shares of Coca-Cola Co. (KO) fell slightly after delivering earnings and revenue Wednesday morning that topped Wall Street expectations.
-Sunny Oh; 415-439-6400; AskNewswires@dowjones.com
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