U.S. stocks closed lower on Wednesday as investors remained on edge amid earnings as the Federal Reserve reaffirmed its data-dependent stance following a weak first-quarter GDP report.
The Federal Reserve Open Market Committee released its meeting statement on Wednesday afternoon that removed all calendar references and showed no new guidance on the timing of the rate hike.
Earlier in the afternoon, the Dow Jones industrial average briefly fell more than 150 points as all the major indices declined on the morning's weak GDP report.
European equities extended losses as investors reacted to the sharp gains in the euro against the dollar ahead of the Fed statement.
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