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Wall Street suffered a last-minute hiccup on Wednesday as a triple-digit rally vanished amid tumbling banking stocks, wiping out a largely positive day fueled by a weaker dollar and the Federal Reserve saying interest rates will stay low for an "extended period."
Today's Markets
The Dow Jones Industrial Average rose 30.23 points, or 0.31%, to 9802.14, the S&P 500 gained 1.09 points, or 0.10%, to 1046.50 and the Nasdaq Composite sank 1.80 points, or 0.09%, to 2055.52. The consumer-friendly FOX 50 added 1.66 points, or 0.22%, to 766.69.
The late-day slide continues a recent trend of increased volatility on Wall Street that has included a number of unprovoked wild swings such as Wednesday's. While the selloff was led by banks like Wells Fargo (WFC), it didn't appear to be triggered any any new developments. At its highs, the Dow was up as much as 156 points on the day.