Stocks slide after the Fed hikes rates
|06/13/2018||Posted by BusinessMediaguide.Com under General World News||
Stocks slid Wednesday after the Federal Reserve hiked its benchmark short-term interest rate by a quarter percentage point to a range between 1.75% and 2%. Treasury yields and the dollar rose following the Fed’s announcement.
Here’s the scoreboard:
Dow Jones industrial average: 25,203.75 −116.98 (-0.46%)
S&P 500: 2,779.41 −7.44 (-0.27%)