U.S. Stocks Close Mixed

U.S. stocks closed mixed on Wednesday, coming off morning highs amid economic reports and central bank news.  “I think all eyes will be on the ECB, especially on the heels of the Jackson Hole meeting,” Todd Salamone, senior vice president at Schaeffer’s Investment Research, said.

The European Central Bank is scheduled to hold its monthly policy meeting on Thursday and may announce the launch of a bond-buying program.  “Obviously that’s going to be very, very important,” Scott Brown, chief economist at Raymond James, said. “Markets have priced in some quantitative easing from the ECB, so they may be disappointed.”

Apple had its worst day in more than 7 months as shares lost more than 4 percent, earlier sending the Nasdaq lower almost 0.70 percent and the S&P 500 down 0.13 percent.  “I think that Apple is just being used as an excuse for the market going down,” Marc Chaikin of Chaikin Analytics said. “I don’t think the news out of Samsung is really that significant.”


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