U.S. stocks end mixed after Fed statement

NEW YORK, Nov. 4 (Xinhua) -- U.S. stocks retreated from session high and ended mixed on Wednesday after the Federal Reserve said it will keep interest rate unchanged.

Shares rallied in early session after upbeat reports from service industry and labor market. The Institute for Supply Management's index of non-manufacturing businesses fell to 50.6 in October from 50.9 in September. Although the index failed to meet forecasts, the ISM said new orders grew faster and business activity also picked up.

Stocks also gained as data from ADP Employer Services showed companies in the U.S. cut an estimated 203,000 jobs in October. The drop compares with a revised 227,000 decline the prior month.

The Federal Open Market Committee ended a two-day meeting on Wednesday and the Fed decided to keep interest rates at low levels as expected.

The Dow Jones rose 30.23, or 0.31 percent, to 9,802.14. Broader indexes turned mixed. The Standard & Poor's 500 index rose edged 1.09, or 0.10 percent, to 1,046.50 while the Nasdaq inched down 1.80,or 0.09 percent, to 2,055.52.