Dow, S&P trade flat; indexes near record highs

By using Ryan Vlastelica NEW YORK (Reuters) – The Dow and the S&P 500 barely budged on Thursday as buyers paused after a powerful rally in the previous session that drove both indexes to document closing highs. Wednesday’s rally got here after the Federal Reserve announced a plan to trim its month-to-month bond purchases by means of $10 billion to $seventy five billion beginning in January. The statement used to be accompanied through a dovish indication of rock-bottom interest rates for the foreseeable future, a combination that gave the Dow and the S&P 500 their biggest day-to-day beneficial properties in two months. “We must predict to continue seeing mild extent and no longer so much selling.” The Dow Jones industrial moderate used to be up 1.22 points, or 0.01 %, at 16,169.19.