Stocks End Lower as Fed Optimism Fizzles

Stocks End Lower as Fed Optimism Fizzles

Stocks finished lower in thin trading Thursday following a disappointing new home sales report and as earlier enthusiasm faded over the Fed's decision to hold interest rates near zero until at least 2014.

Despite the day's losses, all three major averages are on pace for their fourth straight week of gains, for the first time since December 2010.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended above 18.

Most S&P sectors closed in negative territory, led by telecoms and energy.

In addition to keeping rates near zero, the Fed also took the unusual and historic step of setting an inflation target of 2 percent, when it released its economic forecast and said it will maintain its highly accommodative stance to support the recovery.

Dow. 12734.63 -22.33. -0.17%
Nasdaq. 2805.28 -13.03. -0.46%
S&P 500. 1318.43 -7.62. -0.57%
FTSE. 5795.20.+72.20. +1.26%
Dax. 6539.85.+118.00+1.84%
CAC40. 3363.23.+50.75. +1.53%

Oil. 99.93. +0.53. +0.53%
Gold. 1724.00. +21.00 +1.23%

IDR. 8973 (source: yahoo finance)
Euro. 1.3102

TLKM.30.89 -0.32 -1.03% Rp6930
ISAT. 30.91 -0.19 -0.62% Rp5547
BumiPLC. 875.00.+3.50. +0.40%

EIDO. 30.99. -0.12. -0.38%

Timah. 23880. +1305.+5.78%
Nickel. 21460. +385. +1.83%

CPOApr3131RM-38-1.20% $1026
Corn. 634.50. +0.00. +0.00%
Soybean. 51.94. +0.55. +1.07%
Wheat. 653.50. +12.25+1.91%

DOC. IDR 4700 +200 +4.44%


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