Wed, Jul 31, 2013 5:01 PM EDT 1:01
The stock market is ending mixed after wavering in response to the Federal Reserve's latest assessment of the U.S. economy but July was still the best month for the market since January. Jurors began deliberating over whether to hold former Goldman Sachs Group trader Fabrice Tourre liable for defrauding investors in a complex deal tied to subprime mortgages. Recently, the stock market has felt like late-summer inertia had already set in. U.S. stocks wandered between the tiniest of gains and losses before closing mixed. Traders were indecisive as companies reported disparate earnings news, and many were disinclined to make any big moves before getting direction from the Federal Reserve, which is scheduled to release an updated policy statement.