http://news.investors.com/investing-the-big-picture/102914-7241 Nasdaq Chalks Up Mild Distribution Day As Fed's QE3 Bond Buys End The stock market saw limited selling Wednesday after the Federal Reserve concluded a two-day meeting by ending a massive two-year program of buying U .S. Treasury and mortgage-backed securities to pump up the economy. The Nasdaq composite fell 0.3% in higher volume. Intraday, the decline was as steep as 1%. It was just the second down day in 10 sessions for the premier index. The drop in higher volume, known as a distribution day, was the first for the Nasdaq since a nearly four-week correction bottomed out in the middle of this month. A distribution day indicates highly motivated selling by fund managers, the true force behind big market shifts. Yet a market that's in a confirmed uptrend can continue to chug higher while picking up a distribution or two once in a while. The S&P 500 also declined in heavier trade. But the 0.1% dip was too small to be considered evidence of big institutional selling.