Wall St eases after Fed rally

Wall Street eased overnight in the wake of the sharp rally following the Federal Reserve's decision to maintain stimulus.

United States stocks caught their breath one day after the Federal Reserve said it will continue its open-ended economic stimulus efforts. 

The Dow Jones Industrial Average declined 40.39 points, or 0.3 per cent, to finish Thursday at 15,636.55 points. The blue chips on Wednesday rocketed 147 points to close in record territory after the Fed said it would continue to purchase $85 billion in bonds each month, surprising many investors who expected the central bank to dial back the program. 

The Standard & Poor's 500 index slipped 3.18 points, or 0.2 per cent, to 1,722.34 points, edging lower from its own record close.

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By a staff reporter

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