FOX Business: The Power to Proper 

The markets fell solidly into the red after the Federal Reserve said it would extend "Operation Twist," but came short of unveiling a more potent form of stimulus. 

Today's Markets

As of 3:30 p.m. ET, the Dow Jones Industrial Average rose 13 points, or 0.1%, to 12851, the S&P 500 gained 0.06 point, or 0.00%, to 1358 and the Nasdaq Composite climbed 5 points, or 0.17%, to 2935.

The Federal Reserve said it is going to continue extending the maturity of its balance sheet after the current program ends this month in a bid to push long-term interest rates down. Specifically, it will buy Treasury securities between six and 30 year maturity and then sell or redeem ones with  a maturity of three years or less. Some analysts had hoped the central bank would unleash another quantitative easing program that would actually add to its balance sheet instead of shifting it.