Stocks waver as traders move into Treasurys, gold

(AP) -- Traders put their September stock rally on hold and moved into Treasurys and gold Wednesday, a day after the Federal Reserve said it was ready to take more action to boost the economy.

The Dow Jones industrial average fell 21 points.

With no new economic data out Wednesday and the Fed's announcement late Tuesday having a bigger impact on the bond and currency markets, Bob Auer, portfolio manager of the Auer Growth Fund, said it was natural for stocks to pause.

Major indexes have soared this month as economic reports have consistently indicated the economy continues to grow, albeit slowly.

"People are saying, 'I've got some profits, let's book 'em,'" Auer said. Entering Wednesday, the Dow had risen 13 of the past 15 days and climbed 7.5 percent so far in September. (more)