Wall Street closes lower after Fed rate hike

Wall Street Closes Lower After Fed Rate Hike

US stocks closed lower on Wednesday after the Federal Reserve raised its key interest rate by 25 basis points to a target range of 3.75-4 percent.

Nasdaq Composite

The Nasdaq Composite edged down by 3.16 points to 25,978.42.

Dow Jones Industrial Average

The Dow Jones Industrial Average dropped significantly by 631.21 points, representing a decrease of 1.21 percent, settling at 51,461.90.

Facebook, Twitter, Reddit, Pinterest, and Whatsapp were among the topics related to these market movements.

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