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NEW YORK (

TheStreet

) -- Stocks finished lower on Wednesday, putting the September rally on hold in the wake of the yesterday's Federal Reserve meeting, as investors shifted gears and once again sent gold prices to record highs.

The

Dow Jones Industrial Average

rose as high as 10,805 early in the session but was negative the majority of the day and closed down 21 points, or 0.2%, at 10,739. The decline broke a five-day winning streak for the blue-chip index, which has risen in 13 of the last 16 sessions and is still up an impressive 7.2% this month.

The

S&P 500

fell 6 points, or 0.5%, to finish at 1,134, while the

Nasdaq

shed 15 points, or 0.6%, to wrap up at 2,334.

Market breadth was slightly negative on the New York Stock Exchange with decliners outpacing advancers, 3-2.

Financial stocks weighed on markets, with Dow stocks

Bank of America

(BAC) - Get Free Report

and

JPMorgan Chase

(JPM) - Get Free Report

shedding 1.5% each. Tech stocks were also heavy losers, with

Microsoft

(MSFT) - Get Free Report

losing 2.4% to $24.54.

Alcoa

(AA) - Get Free Report

was a standout gainer on the Dow, climbing 4.9% to $11.72.

Investors who had hoped that the Fed would give a clear view of where the economy is headed were disappointed by the

Federal Open Market Committee's

statement on Tuesday. The FOMC reiterated expectations for tepid growth but emphasized subdued inflation pressure and promised to swoop in with additional accommodative policies, if needed. That drove gold prices to a record high Wednesday. The December Gold Contract settled $17.80 higher at $1292.1.

Gold mining stocks such as

Barrick Gold

(ABX)

,

Kinross Gold

(KGC) - Get Free Report

,

Newmont Mining

(NEM) - Get Free Report

and

Yamana Gold

(AUY) - Get Free Report

were all trading higher during the afternoon session.

Meanwhile, the benchmark 10-year Treasury note rose 7/32, diluting the yield to 2.551%, and the dollar weakened 0.7% against a basket of currencies, according to the dollar index.

"The expansion of the FOMC paragraph on inflation combined with the explicit linkage between inflation and 'additional accommodation' suggests that the key to the future of Fed policy is inflation," said UBS economists Drew Matus and Sam Coffin.

The economists believe that further quantitative easing measures are unlikely as they expect economic activity to improve, leading to higher inflation.

"We continue to believe core inflation has bottomed and, while we do not look for a rapid acceleration, we do believe technical factors will combine to move inflation higher over the next few quarters."

In other economic news, President Obama's top economic adviser,

Larry Summers, is expected to leave his post after the midterm elections, according to a report on

Bloomberg

Tuesday.

The Energy Information Administration reported a build of 1 million barrels to

crude oil supplies in the week ended Sept. 17. The rise was lower than the increase of 2.23 million barrels reported by the American Petroleum Industry late Tuesday but disappointed analysts' expectations for a 1.5 million barrel drawdown, according to Platts. Gasoline supplies rose by 1.6 million barrels, upsetting expectations that stockpiles would remain unchanged and distillates added 300,000 barrels, which was also larger than the 100,000-barrel build that analysts had been projecting.

The November delivery contract settled 26 cents lower at $74.71 a barrel following the inventory report.

In equities news,

General Mills

(GIS) - Get Free Report

narrowly beat analysts' expectations with first-quarter adjusted earnings of 64 cents a share and reiterated its year-end guidance for a profit in the range of $2.46 to $2.48 a share. Wall Street has been forecasting full-year earnings of $2.48 a share. The stock climbed 2.7% to $36.62.

Biogen

(BIIB) - Get Free Report

plummeted 5.8% to $54.86 after

Novartis

(NVS) - Get Free Report

received FDA approval for the first oral treatment for Multiple Sclerosis. The stock of Novartis was off by 0.5% at $56.17.

Potash

(POT)

is suing to block

BHP Billiton

(BHP) - Get Free Report

from moving ahead with its hostile takeover attempt. The stock was lower by 0.7% to $146.49. BHP Billiton's shares surged 1.3% to $74.50.

Darden Restaurants

(DRI) - Get Free Report

, which operates Olive Garden and Red Lobster chains, delivered disappointing first-quarter sales but surpassed analysts' estimates for a earnings of 77 cents a share with a quarterly profit of 80 cents a share. The stock declined 1.3% to $43.47.

Wyndham Worldwide

(WYN)

announced its acquisition of

ResortQuest

, a vacation rental and resort real estate company, for $56 million. The stock shed 3% to $27.41.

Shares of

HSBC

(HBC)

slipped 0.9% to $52.12 following a

Financial Times

report that CEO Michael Geoghegan threatened to quit if he doesn't get promoted to chairman. The company has been searching to replace Chairman Stephen Green for roughly two weeks since Green left his position to become trade minister for the U.K.

Power-One

(PWER)

, which makes energy-efficiency power conversion and management systems, announced a stock buyback program of up to 10 million shares late Tuesday. The stock gained 6% to $9.24.

Prudential Financial

(PRU) - Get Free Report

in nearing a deal to buy two Japanese life-insurance companies from

AIG

(AIG) - Get Free Report

, according to

The Wall Street Journal

. Prudential's stock dipped 1.9% to $56.47.

Shares of software company

Adobe Systems

(ADBE) - Get Free Report

were losing 19% to $26.67 on several analyst downgrades Wednesday, the day after the company cut its November sales forecast.

Overseas, Hong Kong's Hang Seng rose 0.2%, while Japan's Nikkei shed 0.4%. The FTSE in London was lost 0.3%, and the DAX in Frankfurt dropped 1.1%.

--Written by Melinda Peer and Shanthi Venkataraman in New York

.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.