In its statement on monetary policy Wednesday

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    NEW YORK Cheap St.Louis Blues Shirts , March 19 (Xinhua) -- U.S. stocks opened mixed on Thursday following a dovish statement from the U.S. Federal Reserve, which indicated it was in no rush to raise interest rates.



    U.S. stocks swung sharply to gains Wednesday, as investors were relieved by Fed Chair Janet Yellen's dovish outlook.



    In its statement on monetary policy Wednesday, the Fed dropped its promise to remain "patient" before raising interest rates.



    "Just because we're not using the word 'patient' doesn't mean we're going to be impatient Cheap St.Louis Blues Jerseys ," said Yellen at a press conference following the statement's release.



    The Fed said it will "be appropriate" to raise interest rates when it has seen further improvement in the labor market and is "reasonably confident" that inflation will move back to its target of 2 percent in the medium term.



    In corporate news, Apple officially began trading as a member of the Dow Jones Industrial Average, replacing AT&T in the index. Apple's shares were up 0.44 percent in the early session.



    Shortly after the opening bell, the Dow Jones Industrial Average shed 64.57 points Vladimir Sobotka Hat , or 0.36 percent, to 18,011.62. The S&P 500 lost 5.82 points, or 0.28 percent Colton Parayko Hat , to 2,093.68. The Nasdaq Composite Index edged up 5.07 points, or 0.10 percent, to 4 Carter Hutton Hat ,987.90.



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    General Motors has invited its five-year partner the International Academy of Design and Technology (IADT) to take a sneak peek at GM?s concept cars and new production vehicles at the upcoming 2007 Chicago Auto Show. More than fifty IADT fashion design students will visit General Motors? exhibit on February 9, 2007 during the first public day of the Chicago Auto Show. The theme of the show is ?Runway to future Design and Technology?.

    Aside from watching the exhibit, the fifty fashion design students will also create sketches of garment designs inspired by the five GM featured vehicles.

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