Markets Close Flat Over Fears Of Rate Hikes

The markets closed near the flat line after Chicago Federal Reserve President Michael Moskow warned that further interest rate increases are possible. The Dow lost 5 points to 11,340 while Nasdaq added 2 points to 2150. S&P 500 edged up a point to 1299. The 30-year bond rose as the yield eased to 4.95%.