By Anvee Bhutani
U.S. stocks were modestly lower Wednesday as investors parsed comments from Federal Reserve Chairman Kevin Warsh for clues about the path of interest rates.
The Dow Jones Industrial Average fell 13.96 points, or 0.03%, to 52305.24. The S&P 500 slipped 16.13 points, or 0.22%, to 7483.23, while the Nasdaq Composite lost 173.69 points, or 0.66%, to 26040.03. According to preliminary data, there were 1555 advancing issues and 1203 declining issues on the NYSE.
Warsh, speaking at a European Central Bank symposium in Portugal, declined to say whether the Fed would raise rates at its next meeting. He called upcoming deliberations a "good family fight." He said inflationary risks have eased since the Fed's last meeting, and suggested that AI-driven productivity gains could have "huge implications for monetary policy."
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Write to Anvee Bhutani at anvee.bhutani@wsj.com