Wall Street Rally Recedes After Interest Rate Hike
- 6 years ago
According to Reuters, news from the Federal Reserve capsized a rally on Wall Street.
After the Fed announced an increase to interest, a good day on the New York Stock Exchange turned sour.
The Dow Jones Industrial Average ended the day down about 106-points, after a morning of gains.
The S&P 500 lost almost 10-points, falling to 2,905 after gaining about 10-points in the morning.
The Nasdaq Composite fell about 17-points on the day, after being up 33-points in the morning, closing at 7,990.
After the Fed announced an increase to interest, a good day on the New York Stock Exchange turned sour.
The Dow Jones Industrial Average ended the day down about 106-points, after a morning of gains.
The S&P 500 lost almost 10-points, falling to 2,905 after gaining about 10-points in the morning.
The Nasdaq Composite fell about 17-points on the day, after being up 33-points in the morning, closing at 7,990.