Markets End in Red on Knee-Jerk Reaction to Fed Talk on Jobs

Stocks ended in the red on Wednesday after the Fed did what was expected and said it would end the bond-buying called 'quantitative easing.' The biggest change in the Fed's statement was its reference to the job market. The central bank said 'labor market indicators suggests that underutilization of labor resources is gradually diminishing,' The yield on the benchmark 10-year Treasury note rose to their highs of the day, up 2 basis points. DuPont (DD) was by far the Dow component's worst performer. The shares dropped after saying it would keep its businesses together. DuPont has gotten pressure to break-up its various units. On the earnings front, quarterly profit reports produced some big gainers in the session including Electronic Arts (EA). Goodyear (GT) also rallied after beating quarterly profit expectations. Shares of U.S. Steel (X) jumped after posting higher revenue and a less than expected loss. TheStreet's Susannah Lee has details from New York.

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