THE FED HOLDS: Here's what you need to know

pulse

May 3, 2017 9:23 PM

Stocks closed little changed on Wednesday after the Federal Reserve held rates.

A child slides down a rock face in Central Park in the Manhattan borough of New York October 20, 2015.

Stocks slumped on Wednesday after the Federal Reserve held rates.

The major indices retraced some of their losses later in the afternoon, and the Dow managed to squeak into the green.

However, the S&P 500 and the Nasdaq finished slightly in the red.

First up, the scoreboard:

Dow:
S&P 500:
Nasdaq:
US 10-year yield:
WTI crude oil:

1. The Federal Reserve held rates and said the recent slowdown in growth is likely "transitory." "

3. Republicans have moved closer than ever to passing their Obamacare overhaul.

5. Apple has dethroned Exxon as the world's dividend king. Apple is now the world's largest payer of dividends after increasing its quarterly payout by 10.5% to 63 cents a share, according to data compiled by Howard Silverblatt, senior index analyst at S&P Dow Jones Indices LLC.

6. Traders are loading up on bets against the world's "most levered real estate developer."

ADDITIONALLY:

The Fed looks shaky on its most important reason for raising interest rates.

Stock pickers in the largest part of the market are crushing it.

Here's a breakdown of the Republican plan to tear up Wall Street regulations.

Trump is reportedly angry people think he got "taken to the cleaners" by Democrats in the shutdown deal.

Stock market shorts are getting their faces ripped off.

Millennial investor are getting smoked on a tech stock that's crashing.

Here's how many millennials live with their parents in each US state.

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