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Mark Rutte

Stocks hold steady as Fed-fueled rally fades

Stocks hold steady as Fed-fueled rally fades

Stocks held steady on Wall Street on Thursday, and bond prices gave back some of their big gains from the prior day as a rally fueled by the Federal Reserve's Wednesday announcement on interest rates faded.

The Standard & Poor's 500 index fell 3.88 points, or 0.2%, to 2,381.38. The Dow Jones industrial average slipped 15.55 points, or 0.1%, to 20,934.55. The Nasdaq composite, meanwhile, edged up 0.71 of a point, or 0.01%, to 5,900.76. The Russell 2000 index of smaller stocks also rose slightly, up 3.20 points, or 0.2%, to 1,386.03.

Yields ticked higher as bond prices fell. The yield on the 10-year Treasury note rose to 2.53% from 2.50%. It had plunged 0.11 of a...