Dow clings to gain as stocks post mixed finish


U.S. stocks ended near unchanged Wednesday, with the Dow Jones Industrial Average hanging on to a small gain, as investors weighed remarks by Federal Reserve Chair Jerome Powell. The Fed chief, speaking at a central banking conference in Portugal, said that he sees a path back to 2% inflation while sustaining a strong labor market as monetary policy tightens, but warned there was “no guarantee that we can do that.” The Dow DJIA, +0.27% ended around 81 points higher, up 0.3%, near 31,028, according to preliminary figures. The S&P 500 SPX, -0.07% fell around 3 points, or 0.1%, to close near 3,819, while the Nasdaq Composite COMP, -0.03% lost less than 0.1% to finish near 11,178.

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