Stocks retreated off record highs today as mixed earnings
coupled with light profit-taking pressure before the conclusion of
today Federal Open Markets Committee meeting erases most of this
morning's gains. The tech-heavy Nasdaq Composite index is under
pressure after missed earnings from Yelp (
) and LinkedIn (
), along with home soft-drink dispenser Soda Stream (
), while Verizon (
) and Pfizer (
) are dragging the Dow Industrials index lower. While the Federal
Reserve is expected to keep its quantitative easing program in
place, the potential for more aggressive profit-taking after the
FOMC's 2 p.m. ET statement also is driving retracement off this
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