Fed Rate Hike Triggers Stock Market Decline
TL;DR Summary
US stocks fell after the Federal Reserve approved raising interest rates to their highest level in 16 years. The S&P 500 slipped 0.7%, while the Dow Jones Industrial Average declined 0.8%, or 270 points, and the Nasdaq Composite lost 0.5%.
Topics:business#dow-jones-industrial-average#federal-reserve#finance#interest-rates#sandp-500#stocks
- Stocks Fall After Powell Comments, Latest Fed Rate Hike The Wall Street Journal
- Stocks slide after Fed announces 0.25% rate hike: Stock market news today Yahoo Finance
- Stocks move higher ahead of Fed rate hike decision Yahoo Finance
- Dow closes more than 250 points lower Wednesday after Fed hikes rates for a 10th time: Live updates CNBC
- All S&P 500 sectors trade lower after Fed decision, with energy leading losses MarketWatch
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