Indices closed in red territory on Wednesday. Stocks slipped on the release of commentary from the latest FOMC meeting. The Fed held steady on interest rates, which will remain in a range between 1.5% and 1.75%. The decision surprised few. The committee also noted strong gains in jobs and economic activity expanding at a “moderate rate.” On another note, crude oil ramped up. West Texas Intermediate crude tacked on 0.7% today to settle at $67.73 a barrel. Looking ahead, April employment data will be released on Friday.