U.S. stocks closed mixed on Thursday as investors eyed options expirations and weighed the Federal Reserve statement that indicated a rate hike would come gradually.
“It’s a residual effect of what (Fed Chair Janet) Yellen said yesterday,” said Peter Boockvar, chief market analyst at The Lindsey Group. “People are going to debate back and forth whether she is going to raise rates.”
Apple’s first day as a blue chip ended in the red. The iPhone maker officially began trading as a member of the Dow Jones industrial average on Thursday, replacing AT&T in the index as Visa’s 4-for-1 stock split took effect.
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