Stocks Pause On Wall Street A Day After A Surge

stock indexes ended up pretty much where they started on Thursday, a day after a powerful surge. Stocks gained the most in more than two months Wednesday after the Federal Reserve said it would reduce its bond-buying program to $75 billion a month from $85 billion. Investors saw the decision as a vote of confidence in the economy. “It’s good for the economy, and it’s good for the market, to start standing on its own two feet,” said Natalie Trunow, chief investment officer for stocks at Calvert Investments. Financial markets were still digesting the Fed’s move on Thursday. While stocks were holding close to record levels, Treasury yields check this out climbed, the dollar rose and gold slumped to its lowest in more than three years. Major U.S.
Full story: http://news.yahoo.com/stocks-pause-wall-street-day-surge-220438737–finance.html

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