New York, April 20 (BridgeNews) - U.S. stocks closed lower as market participants took some of the big gains the market racked up in a two-day rally ignited by the Federal Reserve's surprise half-point interest rate cuts. Investors were busy assessing the heavy flow of earnings reports. The Dow Jones industrial average slipped 113 points to 10,579.85 and the Nasdaq Composite slid a modest 18 points to 2163. The S&P 500 fell 10 points to 1242.