Stocks took a sharp turn lower to end a choppy session Wednesday, sinking after the Federal Reserve delivered a widely expected 75 basis point rate hike but also lifted its forecast for a peak in rates above market expectations.
Stocks gave up initial gains following the Fed decision, then flipped between gains and losses during Fed Chair Jerome Powell's news conference, before taking a turn to new lows late in the session. The Dow Jones Industrial Average DJIA, -1.70% dropped around 522 points, or 1.7%, to end near 30,184, according to preliminary figures, while the S&P 500 SPX, -1.71% shed 1.7% to close near 3,790 and the Nasdaq Composite COMP, -1.79% declined 1.8% to finish near 11,220.
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if im correct this may be the first time the market has fallen immediately after a rate hike rather than the day after.
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مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
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مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
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Stocks end sharply lower as investors await Fed decisionStocks stumbled Tuesday, ending sharply lower and erasing the previous session's gains as investors awaited a Federal Reserve rate decision that's expected to deliver another jumbo increase. The Dow fell around 313 points, or 1%, to end near 30,707.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
US stocks rise ahead of expected interest rate hike by FedStocks closed higher on Wall Street after swaying between small gains and losses much of the day as investors brace for another big interest rate increase this week from the Federal Reserve.
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