Investor was hide in Dollars

Investors scrambled for safety on Tuesday, driving world stocks lower and propelling bids for government bonds and the dollar on poor results from UBS (UBSN.VX) and a shake-up of UK banks Lloyds (LLOY.L) and Royal Bank of Scotland (RBS.L).

Parts of the U.S. equities market were down.

Wall Street rally fades late after Fed

Wall Street rally fades late after Fed

U.S. stocks rallied but lost steam on Wednesday after the Federal Reserve said it would keep rates near zero for "an extended period" even as it expressed confidence in the economic recovery.

Stocks pushed higher in the hour following the FOMC statement, after the Fed kept its benchmark federal funds rate unchanged in a range of zero to 0.25 percent. For details, see (ID:nN04453484) The S&P 500 rose as high as 1,061.00 and the Nasdaq touched 2,081.00.