Fed chair Powell did not signal any tilt toward a September cut. That lower the expectations and ultimately led to stocks giving up earlier gains. The NASDAQ index did rally into the close after falling into negative territory. It is closing higher.For the S&P index, it fell modestly and was down for the second consecutive day after closing at record levels. The Dow industrial average fell as did the small-cap Russell 2000.Dow industrial average fell -171.71 points or -0.3% at 44461.28S&P index-7.96 or -0.12% at 6362.90NASDAQ index rose 31.38 points or 0.15% at 21129.67Russell 2000 fell -10.56 points or -0.47% at 2232.39. This article was written by Greg Michalowski at investinglive.com.