Markets closed lower Wednesday after the Fed's policy statement raised the prospect of interest rates rising sooner than expected. The bank announced a $10 billion cut in its monthly bond purchases, as expected. But rate projections were lifted - the median forecast now puts rates at 1% by the end of 2015 from 0.75 per cent late last year, and 2.25% by 2016. A jobless target of 6.5% before rates were hiked, was also dropped. Individual stocks such as First Solar and KB Home still jumped.

More from Video

3M's Chief Science Advocate on Advancing Healthcare, Autos and Young Scientists

3M's Chief Science Advocate on Advancing Healthcare, Autos and Young Scientists

Listen: Should You Buy Cisco Now?

Listen: Should You Buy Cisco Now?

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

It's Dumb to Think There Aren't Already Monopolies in Big Tech

It's Dumb to Think There Aren't Already Monopolies in Big Tech