U.S. stocks close mixed as Powell signals pause in rate cuts

NEW YORK, Oct. 29 (Xinhua) -- U.S. stocks ended mixed on Wednesday after Federal Reserve Chair Jerome Powell suggested the central bank may hold off on further interest rate cuts this year.

The Dow Jones Industrial Average fell 74.37 points, or 0.16 percent, to 47,632.00. The S&P 500 edged down 0.30 points, or less than 0.01 percent, to 6,890.59, while the Nasdaq Composite Index rose 130.98 points, or 0.55 p