UPDATE: Stocks ease below records a day after Fed rally 12/19/13
NEW YORK - Stocks are taking a breather, after yesterday afternoon's surge that brought the Dow and the S&P 500 to record high levels once again. They've opened moderately lower this morning.
Yesterday's surge was in reaction to the Federal Reserve's decision to trim its stimulus effort. The central bank tempered the impact of the pullback, by signaling that it plans to keep short-term interest rates at record lows for longer than had been thought.
Target fell 2 percent after disclosing that millions of credit and debit card accounts may have been affected by a data breach.