The stock market stalled after an early advance Wednesday as the Federal Reserve reminded investors that it would start to wean the economy from an array of emergency supports next year. The Dow Jones industrials slipped 11 points, while broader indexes ended with modest gains but off their highest levels of the day. Investors knew several of the programs would be dismantled in 2010, but the added detail about the Fed's plans as well as lingering concerns about inflation tugged at the market.
The Dow Jones industrial average fell 10.88, or 0.1 percent, to 10,441.12.
The Standard & Poor's 500 index rose 1.25, or 0.1 percent, to 1,109.18.
The Nasdaq composite index rose 5.86, or 0.3 percent, to 2,206.91.
For the week:
The Dow is down 30.38, or 0.3 percent.
The S&P is up 2.77, or 0.3 percent.
The Nasdaq is up 16.60, or 0.8 percent.
For the year:
The Dow is up 1,664.73, or 19 percent.
The S&P is up 205.93, or 22.8 percent.
The Nasdaq is up 629.88, or 39.9 percent.