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Stock market today: Markets slip after latest Fed rate hike

Por: Associated Press Business May 04, 2023

NEW YORK (AP) — Stocks dipped Wednesday after the Federal Reserve announced its latest hike to interest rates but said it’s not sure what may come next. The S&P 500 fell 28.83, or 0.7%, to 4,090.75. The Dow Jones Industrial Average lost 270.29, or 0.8%, to 33,414.24, and the Nasdaq composite slipped 55.18, or 0.5%, to 12,025.33. The Fed’s move to its benchmark interest rate by another quarter of a percentage point was widely expected, and... + full article



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