Wall Street falls after Fed rate hike

Wall Street falls after Fed rate hike
# 15 December 2016 01:41 (UTC +04:00)

U.S. stocks fell on Wednesday after the Federal Reserve raised interest rates by a quarter point and signaled hikes could come next year at a faster pace than some expected, APA reports quoting Reuters.

The Dow Jones industrial average fell 118.48 points, or 0.6 percent, to 19,792.73, the S&P 500 lost 18.42 points, or 0.810839 percent, to 2,253.3 and the Nasdaq Composite dropped 27.16 points, or 0.5 percent, to 5,436.67.

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