Interest Rate Hike Wipes Out Gains On Wall Street

2018-09-27 1

According to Business Insider, Wall Street wiped out it's morning gains after the Fed announced another interest rate hike.
The Dow Jones Industrial Average ended the day down 101-points, closing at 26,391.
The S&P 500 lost over 8-points on the day, while the Nasdaq Composite lost almost 2-points.
After the latest Federal Open Market Committee, the Federal Reserve increased interest rates by a quarter percent, bringing the federal funds rate to 2.25 percent.

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