stocks were buoyed modestly thursday after the federal reserve announced as expected it would begin tapering its monthly bond purchases while sticking to its description of inflationary pressures as transitory stocks were mostly a shade lower ahead of the fed announcement with the sp 500 spx now up 01 at 4637 and the techheavy nasdaq composite up 04 at 15716 the dow jones industrial average djia remained slightly lower down 78 points or 02 near 35975 all three indexes closed at records on tuesday