Stocks got a brief bump from news that the Federal Reserve doesn't plan to raise rates this year, but still ended mostly lower Wednesday after those gains faded.
Bond prices rose sharply after the Fed forecast slower economic growth. That sent bond yields down to the lowest they've been in more than a year. Banks fell sharply as the outlook for higher rates dimmed.
The S&P 500 dropped 8.34 points, or 0.3 percent, to 2,824.23.
The Dow Jones Industrial Average fell 141.71 points, or 0.5 percent, to 25,745.67.
The Nasdaq composite added 5.02 points, or 0.1 percent, to 7,728.97.
The Russell 2000 index of smaller-company stocks gave up 11.83 points, or 0.8 percent, to 1,543.16.
For the week:
The S&P 500 is up 1.75 points, or 0.1 percent.
The Dow is down 103.20 points, or 0.4 percent.
The Nasdaq is up 40.44 points, or 0.5 percent.
The Russell 2000 is down 10.38 points, or 0.7 percent.
For the year:
The S&P 500 is up 317.38 points, or 12.7 percent.
The Dow is up 2,418.21 points, or 10.4 percent.
The Nasdaq is up 1,093.69 points, or 16.5 percent.
The Russell 2000 is up 194.60 points, or 14.4 percent.