NEW YORK, New York – It was just another regular trading day on Wall Street Thursday with the Standard and Poor’s 500 and Nasdaq Composite both closing at record highs.

Only the Dow Jones was sold off.

“We have had a very strong earnings season and the Fed has followed through on what it was preparing markets for and investors generally get happy if they get what they expect,” Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas told Reuters Thursday.

“The last time the Fed tapered, it took more than a year for it to hike rates and it looks like that’s what is going to happen going ahead too, with only one-third of the market factoring hikes next year.”

The Nasdaq Composite again led the way, rallying 128.72 points or 0.81 percent to a new record closing high of 15,940.31.

The Standard and Poor’s 500 stacked on 19.49 points or 0.42 percent to notch up a new record at 4,680.06.

The Dow Jones industrials on the other hand declined 33.35 points or 0.09 percent to 36,124.23.

The U.S. dollar gained against most currencies on Thursday. The Japanese yen was the only exception. The yen strengthened to 113.76.

The euro slumped to 1.1554. The British pound fell sharply to 1.3499 approaching the New York close Thursday. The Swiss franc inched down to 0.9126.

The Canadian dollar fell to 1.2460. The Australian dollar declined to 0.7402. The New Zealand dollar sank to 0.7107.

On overseas markets, the Dax in Germany climbed 0.46 percent. In Paris, France the CAC 40 added 0.53 percent. The FTDSE 100 in London was up 0.43 percent.

On Asian markets, in Japan, the Nikkei 225 reclaimed 248.45 points or 0.84 percent to 29,769.35.

The Australian All Ordinaries rose 33.30 points or 0.43 percent to 7,746.30.

In Hong Kong at the Hang Seng advanced 200.44 points or 0.80 percent to close Thursday at 25,225.19.

China’s Shanghai Composite climbed 28.33 points or 0.81 percent to 3,526.87.