By Malcolm Morrison TORONTO _ The Toronto stock market was little changed, a day after markets responded enthusiastically to the Federal Reserve's decision to modestly cut back on a key stimulus program. The Fed also emphasized that short-term rates aren't going up any time soon. The S&P/TSX composite index edged up 4.84 points to 13,339.57 following a 155-point jump Wednesday after the Fed said after it was cut its monthly bond and asset purchases to $75 billion starting in January, a decline of $10 billion . Further cuts will depend on economic data, particularly jobless levels and inflation. A stronger American currency pushed the Canadian dollar down to mid-2010 lows, moving down 0.12 of a cent to 93.43 cents US early Thursday. U.S. indexes also moved lower after racking up big gains Wednesday. The Dow Jones industrials were down 22.54 points to 16,145.43 after charging ahead almost 300 points. The Nasdaq gave back 10.16 points to 4,059.9, and the S&P 500 index was 4.68 points lower to 1,805.97.
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