NEW YORK — A big rally in U. S. stocks evaporated Wednesday as the Federal Reserve appeared to struggle with questions related to inflation<br />and government policy and suggested it might start trimming its balance sheet later in the year.<br />Stocks had jumped early on after payroll processor ADP said private U. S. businesses<br />added 263,000 jobs in March, which was more than analysts expected.<br />U. S. crude oil rose 12 cents to $51.15 a barrel in New York.<br />Dow Chemical gained 32 cents to $63.52 and DuPont added 67 cents to $80.47.<br />The Dow Jones industrial average rose as much as 198 points, and the Nasdaq composite reached an all-time intraday high.
