Stocks pause after Fed-fueled record run

Investors seemed a bit hung over Thursday as stocks were mixed a day after the Federal Reserve's surprise decision to keep its stimulus in place lifted two key market indexes to all-time highs.

The Dow Jones industrial average and S& P 500 fell a bit, while the Nasdaq ended only slightly higher. Earlier, a modest bump in the S& P 500 was enough to push it to another record high.

Though stocks have surged this year, many analysts think the broader market still remains attractive.

The S& P 500 is currently trading at about 16.5 times earnings from last year, just slightly above the historical average of 16, according to Bank of America Merrill Lynch data. In the bubble days of 2000, the index was trading at nearly 30 times trailing earnings.

North and South American Indexes

	Index	Country	Change	% Change	Level	Last Update
	Dow Jones Industrial Average	United States	-40.39	-0.26%	15,636.55	4:35pm ET
	S& P 500 Index	United States	-3.18	-0.18%	1,722.34	4:35pm ET
	Brazil Bovespa Stock Index	Brazil	-607.21	-1.09%	55,095.69	6:01pm ET
	Canada S& P/TSX 60	Canada	-0.53	-0.07%	740.92	4:19pm ET
	Santiago Index IPSA	Chile	-14.19	-0.37%	3,244.46	Sep 17
	IPC	Mexico	-149.94	-0.36%	41,752.26	5:51pm ET