After The Bell: Stocks Mixed After Fed Holds Rates Near Zero

(CBS) -- Stocks traded mixed on Thursday as Wall Street digested the Federal Reserve's lack of a rate hike and Fed Chair Yellen's press conference.

The NASDAQ added 5; the S&P 500 lost 5 and the Dow Jones Industrial Average closed down 65 points, settling just short of 16,675.

"I was surprised the Fed didn't make a move, they've been telegraphing to the markets that they were going to raise interest rates sometime in 2015, and now that they've passed on September they've only got two more meetings in which they would meet and be able to raise rates," says Andrew Busch, editor of the Busch Update.

"It's a mess, they keep telling us they are going to do something and then they find reasons not to do it. This is a Fed that has major communication problems," he added.