THE BIG STORY TODAY: THE FED
The Federal Reserve announcing it would start pulling back $10 billion from its $85 billion monthly bond purchase in January.
Fed Chairman Ben Bernanke saying the decision on moderately reducing its bond-buying program was made because "despite significant fiscal headwinds, the economy has been expanding at a moderate pace".
FORD'S ROCKY OUTLOOK
It will be a rocky day and outlook for Ford.
The automaker issuing a warning for 2014 saying profit could drop between $500 million to $1.5 billion, citing rising global costs and slow price increases in North America.
Ford stock sinking 6% Wednesday.
SPEAKING OF STOCKS
The Dow Jones surging 293 points Wednesday to rebound big time after recent declines.
The S&P added 30 points and the Nasdaq gained 46 points.