Markets closed mixed on Wednesday — the Dow was dragged down by stocks such as IBM and Caterpillar while the S&P 500 closed slightly higher. While markets have flat-lined since the start of the year there has been noticeable sector rotation into technology and utilities. Earnings have so far been lackluster, providing a damper over any prospect of the strong gains seen in 2013 as investors look to results for justification of higher valuations. All eyes will be on the Fed meeting next week. TheStreet’s Jane Searle reports from the NYSE.
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