Sharp rate hike bets keep Wall Street subdued, Goldman Sachs lifts Dow

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The S&P 500 and the Nasdaq were flat in volatile trading on Wednesday on worries over faster interest rate hikes even as recent data painted a dour picture for the economy, while a boost from Goldman Sachs shares kept the Dow afloat.
 

Investors fretted over the impact of hefty rate increases on the U.S. economy, as data highlighted the contraction of the U.S. economy in the first quarter amid a record trade deficit following a Tuesday report that showed U.S. consumer confidence hit a 16-month low.
 

Markets were choppy in the first hour of trading, with investors pointing to quarter-end