After surging as much as 375 points to an all-time high after the Fed announcement, the Dow turned negative in late trading as investors digested Fed Chair Jerome Powell’s comments. The blue chip index dropped 103.08 points, or 0.3%, to 41,503.10. It hit an intraday record of 41,981.97.

Investors are looking to retail sales data for clues to consumer health, the last piece of data that could factor into the Fed's rate decision.