The status quo remains intact but Wall Street declines

FXstreet.com (San Francisco) - The US stocks market closed lower on Wednesday after the Federal Reserve decision to maintain its fund rate at 0.25% and the QE size at 85-billion a month. The Dow and the S&P posted its first session decline in the last five days.

The FOMC statement affirmed that they need more data to take the decision to start tapering but available data suggests that the recovery in the housing sector slowed somewhat in recent months."

The Dow Jones declined 61.59 points or 0.39% to finish the day at 15,618.76. The S&P 500 eased 8.64 pts or 0.49% to close the session at 1,763.31. The Nasdaq Composite lost 21.72 pts or 0.55% to 3,930.62.