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Wall Street Mixed as Fed Comments Eyed

U.S. equities were lower as investors turn their focus on comments from several Federal Reserve officials amid concerns that President Donald Trump's plan to reduce taxes and boost the economy are taking longer than expected. The Nasdaq composite touched a new all-time intraday peak in midmorning trade before ending flat, while Apple also notched a record peak.

The Dow Jones industrial average slipped 0.04 percent at 20,905.86, as Home Depot led losses while Caterpillar was the top gainer. The S&P 500 fell 0.2 percent at 2,373.47 as financials led seven sectors down while materials was the best performer. The Nasdaq composite gained 0.01 percent at 5,901.53.

Apple climbed 1.05 percent to a record-peak finish of $141.46 after Cowen & Co improved its price target on the stock. Shares of Caterpillar added 2.68 percent, which provided the largest boost to the Dow, after it posted a smaller decline in sales for the three months until February against the period ending in January. Walt Disney gained 0.85 percent after the firm's “Beauty and the Beast” topped box-office sales.
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