Stocks Fall After Interest Rate Forecast From Federal Reserve
- 5 years ago
According to Reuters, US stocks took a sharp turn for the worst after the Federal Reserve announced their interest rate forecast for 2019.
By the afternoon on Dec. 18th, the top three markets on Wall Street were trading up over 1-percent each.
But the top markets on the New York Stock Exchange ended the day down about 1-percent each.
The Nasdaq Composite led losses, falling 2-percent, as the market shrank 140-points.
The Dow Jones Industrial Average and the S&P 500 were down about 1.5-percent each.
The Dow Jones dropped by 352-points, while the S&P shed 35-points.
By the afternoon on Dec. 18th, the top three markets on Wall Street were trading up over 1-percent each.
But the top markets on the New York Stock Exchange ended the day down about 1-percent each.
The Nasdaq Composite led losses, falling 2-percent, as the market shrank 140-points.
The Dow Jones Industrial Average and the S&P 500 were down about 1.5-percent each.
The Dow Jones dropped by 352-points, while the S&P shed 35-points.