A look at highlights from the day's business news headlines:
Stocks drift as markets shrug off Spain
December has been a good month for U.S. stocks, so this week's lackluster action isn't upsetting investors much. Stocks have managed to eke out gains over the past few sessions and are up 5% for the month.
On Wednesday, the Dow Jones industrial average lost 19 points to end 0.2% lower at 11,457.47. The S&P 500 shed 6 points, or 0.5%, and the Nasdaq fell 11 points, or 0.4%.
Unless there's some major news to drive investors to the sidelines, it looks like all three major indexes will see double-digit percentage gains for the year. In Wednesday's session, investors weighed worries about a possible Spain downgrade with relatively upbeat U.S. inflation data.
Commodities take a breather
Commodity prices continue to ease this week, as the dollar gains some strength and investors focused on signs of economic improvement.
A stronger dollar can weigh on commodities like gold, silver and oil because they're priced in the U.S. currency. Worries about inflation had been pressuring the greenback and sending commodities into rally mode.
Gold rallied to a new record high above $1,400 an ounce shortly before this week's Federal Reserve meeting.
Following the Fed's decision to keep interest rates near 0%, gold eased and is currently trading at $1,388 an ounce. Silver prices, which have been drawing more attention than gold lately, also headed lower, sliding nearly 2% to $29.29 an ounce.
–CNNMoney.com reporters Julianne Pepitone and Laurie Segall contributed to this report.