Stocks declined Tuesday but ended off their lows for the day after the Fed raised its forecast for 2010.
The Dow Jones Industrial Average ended down 17.24, or 0.2 percent, at 10,433.71. Earlier, the blue-chip index was down nearly 100 points earlier after a report showed the economy grew less than expected in the third quarter and HP issued a cautious outlook. The S&P 500 shed 0.1 percent and the Nasdaq lost 0.3 percent.
The biggest decliners on the Dow were JPMorgan, Hewlett-Packard and Boeing .
Oil settled below $76.15 a barrel, while gold settled at $1,165.50 a troy ounce.
The Federal Reserve raised its 2010 forecastas the minutes from the Fed's last meeting show policy makers are increasingly optimistic about the sustainability of the recovery.
Today's five-year note auction was met with strong demand: $42 billion of five-year notes were sold at a high yield of 2.175 percent and a bid-to-cover ratio of 2.81, 47 basis points above the average and the highest of the year for the denomination.
GDP was revised to show the economy grew at a 2.8 percent rate in the third quarter, lower than the initial reading of 3.5 percent.
But the Conference Board's gauge of consumer confidence rose to 49.5 in November from 48.7 in October. And home prices improved for a fifth straight monthin September, Case-Shiller reported.