The S&P 500 and Nasdaq closed higher on Wednesday after data showing the U.S. services industry growth slowed further in March, but the advance was limited after Federal Reserve Chair Jerome Powell indicated a cut in interest was still not in sight.
Most of the major S&P 500 sectors advanced, led by gains in energy (.SPNY), opens new tab, materials (.SPLRCM), opens new tab and communication services (.SPLRCL).
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