U.S. stocks close mixed after rally on rate cut

NEW YORK, Sept. 20 (Xinhua) -- U.S. stocks ended mixed on Friday, as the initial excitement over the first major easing of interest rate policy began to wane. Wall Street is now grappling with concerns about whether the Federal Reserve is lagging in steering the economy toward a "soft landing."

The Dow Jones Industrial Average rose 38.17 points, or 0.09 percent, to 42,063.36, after notching its biggest daily percentage gain since mid-August. The S&P 500 sank 11.09 points, or 0.19 percent, to 5,702.55. The Nasdaq Composite Index shed 65.66 points, or 0.36 percent, to 17,948.32.