The Dow Jones Industrial Average shed more than 40 points, or 0.4 percent, after earlier popping above the key 10,000 mark.

The S&P 500 and Nasdaq finished down 0.5 percent or more. The CBOE volatility index, widely considered the best gauge of fear in the market, ticked up to 34 after being down near 30 earlier.

The Fed chairman said the recovery appears to be on solid footing but warn that it could take years before the job market gets back to normal.

(Source: CNBC)