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Global stocks mixed while dollar retreats following the Fed’s meeting

Wall Street stocks finished little changed on Tuesday as the Federal Reserve started its two-day policy meeting at which Fed Chairman Jerome Powell was expected to maintain his stance that interest rates won’t begin to rise until inflation exceeds the central bank’s target. The Dow Jones gained just 0.01%, while the S&P 500 and the Nasdaq Composite shed 0.02% and 0.34% respectively. In individual stocks, Tesla announced first-quarter results that beat expectations buoyed by sales of bitcoin and regulatory credits.