NEW YORK CITY: US stocks Thursday closed mixed, cooling off after Wednesday's torrid rally in the wake of the Federal Reserve's decision to maintain an aggressive stimulus program.
At the closing bell, the Dow Jones Industrial Average dropped 40.39 (0.26 percent) to 15,636.55.
The broad-based S&P 500 dipped 3.20 (0.19 percent) to 1,722.32. Both the Dow and the S&P 500 reached record highs Wednesday after the Fed announcement.
The tech-rich Nasdaq Composite Index rose 5.74 (0.15 percent) to 3,789.38.
"You've got to expect a little bit of a pull-back" after Wednesday's "very explosive" rally, said Peter Cardillo of Rockwell Global Capital. "And it's not that much of a pullback."
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