U.S. stocks struggled for direction through the afternoon session, though ended up slightly higher on Wednesday. A selloff in utilities and energy pressured markets, while a positive quarter for Apple (AAPL) drove gains in the tech sector. The new board of the FOMC left rates unchanged at its January meeting. The no-change decision was as economists expected. The central bank also reiterated that it would hike rates gradually and that risks to its outlook remain balanced. Anthem (ANTM) rose after exceeding analysts' estimates in its fourth quarter on higher Medicaid membership. Medicaid members increased by 10%, while premiums rose 7.4% over the recent quarter. ADP (ADP) fell after trimming its sales growth for fiscal 2017. The payments processor anticipates new business bookings to come in flat, down from a previous target of at least 4%.
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