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NEW YORK – Stocks traded in a range of tight Wednesday as investors turned their attention to the Federal Reserve after the mid-term elections were a few surprises.

The Dow Jones industrial average fell by 26 points in afternoon trade, but still near to its highest level in addition to two closing wider ans.Index also fell slightly.

At the end of the day, investors know probably exactly how the Fed expects spending to stimulate the economy .the Central Bank has been suggested for two months, it intends to buy Treasurys drive interest rates lower in an attempt to stimulate lending and spending.However, it was still much debate about the size and duration of the programme, particularly in the last few days.

Lawrence Creatura, Federated investors, Portfolio Manager said the market was taken into account in the expectations that the Fed is buying $ 500 billion or less than the larger program liaisons.Un Treasury would likely drive stocks higher, even if there is a small possibility it pourrait code views of investors on the health of the economy, said Creatura.

The US Federal Reserve should announce the details of his plan when he concluded its session on Wednesday afternoon.The Treasury prices increased slightly, sending lower interest rates in advance of the announcement.

Dow Jones index began with the small earnings before drifting more bas.Il was 26.41 or 0.2 per cent to 11,162.31 in afternoon trade.

Dow Jones index was flirting with his highest year-end was 11,205.03 on April 26. If it can close above this level, it would be better finish in the Dow Jones index since September 2008, just prior to the financial crisis reached a peak.

Standard & Poor 500 index fell 3.86 1,189.71, or 0.3%, while the composite index Nasdaq fell excluded or 0.5%, 2,521.43.

Performance note reference 10 years of the Treasury, which moves opposite its price fell to 2.54% 2.59% late Tuesday.

Economic reports that would have affected usually exchange keys are being overshadowed by the meeting of the Federal Reserve.

Business Payroll said ADP private employers added 43,000 jobs last month after cutting jobs in September, which normally would be pushed buy on the market.The report is considered a gauge in report monthly job the Government position due to vendredi.ADP indicating an increase in employment is bodes well for the Government saying private employers link up to hire at least a little, last month.

Institute for the management of the said supply growth in the last month, accelerated service area when economists expected a slowdown in the pace of expansion .Que too would normally provided stocks an elevator.

The ISM report is closely watched because the service sector accounts for about 80 per cent of jobs in the nation.Plus earlier this week, ISM said growth accelerated manufacturing activity as last month.

He has no big surprises Tuesday midterm elections should sway trade mercredi.Analystes said that market was largely accounted for Republicans take control of the House of representatives and the Democrats taking on a thin margin in the Senate.

Longer term investors want to see more clarity of Capitol Hill on taxes and fees of financial and regulatory health reform bills passed by Congress earlier this year.

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