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Dow drops 600 points as Fed rate hike and Warsh's inflation talk unnerve investors: Live updates
The Dow Jones Industrial Average fell on Wednesday after the Federal Reserve hiked interest rates for the first time in three years and central bank Chairman Kevin Warsh highlighted persistent inflation.
AI Summary
The Dow Jones Industrial Average fell 751 points, a 1.5% drop, on Wednesday after the Federal Reserve raised interest rates for the first time in three years. Financial‑related shares led the decline. The S&P 500 slipped 0.5%, and the Nasdaq Composite fell 0.4%. Central bank Chairman Kevin Warsh warned that inflation remains persistent, adding to investor unease.
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