Dollar rises as Fed turns off the taps,but lukewarm reaction from Wall Street

The dollar rose after economic data kept alive expectations that the Federal Reserve will continue to cut back its stimulus.

The Federal Reserve 

 However  on Wall Street, Intel and General Electric were among the biggest decliners. Shares of Intel Corp lost 4.7 percent to $25.29, weighing on all three major U.S. indexes after its fourth-quarter earnings missed expectations by a penny and the company gave a lukewarm forecast for revenue for the current quarter.

 General Electric Co lost 2.8 percent to $26.44. The conglomerate posted a slightly better-than-expected rise in quarterly revenue, propelled by its oil pumps and jet engines businesses, but its full-year profit margins were disappointing.