Market Wrap For Wednesday, July 31: Stocks Mostly Unchanged Despite Upbeat Data
July 31, 2013 at 16:23 PM EDT
The U.S. stock market closed mixed on Wednesday despite upbeat economic data and a dovish FOMC statement. The advanced GDP estimate for the second-quarter came in much better than expected and the central bank showed no signs that a pullback in its quantitative easing program is imminent. Nevertheless, stocks were