Markets, already in the red on the day, fall further with Fed decision NEW YORK, Oct. 30 (UPI) -- U.S. stocks dropped Wednesday, with losses accelerating after the Federal Reserve announced it would keep monetary policies intact for now. Reading between the lines, investors were wary of the Fed's assessment of the economy, which the Fed said is stronger than it was a year ago. Investors took that as a sign the Fed might soon taper down its asset purchasing program. Both the Dow Jones industrial average and the Standard and Poor's 500 index dropped after record closing highs Tuesday. The DJIA shed 61.59 points or 0.39 percent to 15,618.76. The S&P 500 gave up 8.64 points, 0.49 percent, to close at 1,763.31. The Nasdaq closed at 3,930.62 points, off 21.72 points or 0.55 percent. On the New York Stock Exchange, 917 stocks advanced while 2,167 declined on volume of 3.5 billion shares. In Japan, the Nikkei 225 index added 176.37 points, 1.23 percent, to close at 14,502.35. In London, the FTSE 100 added 2.97 points, or 0.04 percent, to finish trading at 6,777.70. On currency markets, the euro traded at $1.3739 and the dollar rose to 98.55 yen. On the Comex division of the New York Mercantile Exchange, gold lost 90 cents to $1,344.60 per troy ounce. Silver added 24.8 cents to hit $22.74 per ounce. Ten-year benchmark treasuries fell 8/32 to yield 2.54 percent.