(By Salman - iStockAnalyst Writer)US stocks finished lower on Tuesday after Federal Reserve upped its forecast for economic growth in 2010 but warned that jobless rate would likely remain high next year. The Dow Jones Industrial Average fell 17.24 points or 0.16% to finish at 10,433.71. The S&P 500 declined 0.59 points or 0.05% to end at 1,105.65. The Nasdaq Composite slipped 6.83 points or 0.31% to 2,169.18. The Commerce Department reported Tuesday that the US economy grew at a 2.8% annualized rate in the third quarter, matching consensus estimate. In the prior quarter, economy contracted at a 0.7% annualized pace. Home prices as measured by the S&P Case-Shiller 20-city home price index, increased 3.1% in the third quarter versus the second, but remained almost 9% lower versus a year ago. Prices were up 0.3% in September versus August, The Conference Board said Tuesday that consumer confidence increased slightly in November to 49.5. Economists were expecting a reading of 47.7. According to minutes of the Federal Open Market Committee's Nov. 3-4 meeting released on Tuesday, the Fed officials expect the U.S. unemployment rate to stay higher in 2010 in the range of 9.3% to 9.7% and to drop modestly to 8.6% in 2011. However, the central bank raised its estimate for economic growth next year. The Fed expects gross domestic product to expand between 2.5% to 3.5% in 2010, up from 2.1% to 3.3% growth it had forecast for the period back in June.  Shares of airplane maker Boeing Co. (NYSE: BA) lost 66 cents or 1.25% to close at $51.97. Among financials, JP Morgan & Chase & Co. (NYSE: JPM) plunged 80 cents or 1.85% to $42.48. Bank of America Corporation tumbled 19 cents or 1.17% to $16.10. Shares of telecom companies finished up. AT&T Inc. (NYSE: T) rose 32 cents or 1.19% to $27.10. Verizon Communications (NYSE: VZ) climbed 54 cents or 1.72% to $31.87. Drugmaker Pfizer Inc.