Confused tourists

The Federal Reserve left its interest rates unchanged, but its statement gave no real clues about the next time it might raise the key rate. The markets greeted the ambiguity with subdued trading that left the major indexes mixed.

The Dow rose 51 points, with 22 of its 30 components gaining ground; the S&P 500 Index inched 3 points higher; and the tech-heavy Nasdaq couldn’t escape the downward gravitational pull of Apple’s shares, falling 25. Advancers led decliners by seven to three on the NYSE and more narrowly on the Nasdaq. The prices of Treasuries strengthened. Gold futures rose $7.00 to close at $1,250.40 an ounce, and the price of crude oil jumped $1.29 in heavy trading to settle at $45.33 a barrel. Crude supplies jumped two million barrels last week—more than expected—but traders appeared to focus more on the continued drop in U.S. production, down for its seventh consecutive week.

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