Dow Off 11 on Fed News

Central bank is keeping rates low
By Nick McMaster,  Newser Staff
Posted Dec 16, 2009 3:13 PM CST
A trader works on the floor of the New York Stock Exchange Wednesday, Dec. 16, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks closed mixed after the Fed announced it would keep interest rates low for an "extended period," disappointing investors who had hoped for a more optimistic outlook from the central bank, the Wall Street Journal reports.

  • The Dow fell 11 points to close at 10,441.
  • The Nasdaq added 6 points, settling at 2,207.
  • The S&P 500 rose 1 point to close at 1,109.

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