U.s. stock market live

The relentless rally in US stocks lost some traction on Wednesday as the Federal Reserve signaled interest-rate hikes are still on the table after pausing its tightening cycle in June to assess economic conditions. Following the usual whirlwind of Fed days, the S&P 500 closed with a gain of only 0.1%. The small move drove the gauge to its fifth straight advance, the longest winning run since November 2021. Equities recovered some ground amid a rebound in big tech and as Jerome Powell said no decision has been made for the next few meetings.