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Stocks Tumble To Lowest Levels In Over A Year After Rate Hike - U.S. Commentary

Stocks saw typically post-Federal Reserve decision volatility in afternoon trading on Wednesday before ending the session sharply lower. With the steep drop late in the day, the major averages finished the session at their lowest closing levels in over a year.

The major averages climbed off their lows of the session going into the close but remained firmly negative. The Dow tumbled 351.98 points or 1.5 percent to 23,323.66, the Nasdaq plummeted 147.08 points or 2.2 percent to 6,636.83 and the S&P 500 slumped 39.20 points or 1.5 percent to 2,506.96.

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by RTTNews Staff Writer

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