2/17, 10:01 PM (Source: TeleTrader)
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US markets close mixed with pandemic in focus

Major stock markets on Wall Street closed mixed on Wednesday as investors weigh vaccination wins against economic recovery prospects. Federal Open Market Committee revealed its judgement that the country is "far from" employment and inflation goals as the crisis caused "tremendous human and economic hardship". Meanwhile, Verizon and Chevron are pushing numbers up after Warren Buffet's firm Berkshire Hathaway announced substantial investments into these companies.

The Dow Jones Industrial Average gained 0.29% led by Verizon growing by 5.24%, while the Nasdaq 100 lost 0.54% as Peloton dropped by 4.56%. The S&P 500 closed with 0.03% in the red with IPG Photonics falling 7.37%.

The euro remained flat against the dollar trading for $1.20422 at 4:03 pm ET.

Breaking the News / LH