The S & P 500 closed lower on Thursday after recording strong gains in the previous session as investors digested the Federal Reserve's recent monetary policy decision.
"Our guess is that the Fed will be gradual, they do not want to force the issue," said Tim Courtney, chief investment officer at Exencial Wealth Advisors. "They definitely do not want to be the ones who reverse the yield curve."
The moves on Thursday followed after the major stock indices had made strong gains after the US midterm elections. Both the S & P 500 and Dow rose more than two percent on Wednesday, earning their biggest gains since the post-1
The result, as the Republicans took control of the Senate and Democrats, was widespread expected and solved another uncertainty among the many investors are concerned with.