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— Investors were encouraged by the Federal Reserve's improved assessment of the economy Wednesday, but not enough to propel the Dow Jones industrial average past 10,000. Stocks closed lower as a brief rally followed the Fed's economic statement but then faded. The Dow came within 82 points of crossing 10,000 for the first time since October, but ended the day with a loss of 81.
The Dow Jones industrial average fell 81.32, or 0.8 percent, to 9,748.55
The Standard & Poor's 500 index fell 10.79, or 1.0 percent, to 1,060.87
The Nasdaq composite index fell 14.88, or 0.7 percent, to 2,131.42.
For the week:
The Dow is down 71.65, or 0.7 percent.
The S&P is down 7.43, or 0.7 percent.
The Nasdaq is down 1.44, or 0.1 percent.
For the year:
The Dow is up 972.16, or 11.1 percent.
The S&P is up 157.62, or 17.5 percent.
The Nasdaq is up 554.39, or 35.2 percent.
