US Stock Rally Fades As Investors Assess Fed Moves

By STEPHEN BERNARD and SARA LEPRO

NEW YORK (AP) — Investors doused a two-week-old stock rally Thursday as concerns emerged that the Federal Reserve's new bond-buying campaign could wind up hurting the dollar and causing inflation.

Banking and other financial shares pulled the market lower, but energy stocks got a boost from soaring crude oil prices.

The retreat came a day after stocks surged in reaction to the Fed's aggressive plans to pump more than $1 trillion into the financial system by buying Treasury bonds and stepping up its purchases of other debt securities. The aim is to lower borrowing rates and stimulate lending. ...