Wall Street closed flat on Wednesday after a volatile session, supported by bank shares, as the minutes from the Federal Reserve's April meeting signaled a potential interest rate increase in the near term.
The Dow Jones industrial average .DJI fell 3.36 points, or 0.02 percent, to 17,526.62, the S&P 500 .SPX gained 0.42 points, or 0.02 percent, to 2,047.63, and the Nasdaq Composite .IXIC added 23.39 points, or 0.5 percent, to 4,739.12.
Goldman Sachs downgraded stocks to neutral for the next 12 months on valuation and growth worries, further denting sentiment.
"Until we see sustained earnings growth, equities do not look attractive, especially on a risk-adjusted basis," Goldman said in the note.
Reference: Reuters
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