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Benzinga
Benzinga
Business
Lisa Levin

Mid-Afternoon Market Update: Dow Dips 900 Points; AC Immune Shares Slide

Nasdaq US Federal Reserve NYSE United States

U.S. stocks traded lower toward the end of trading, after the Federal Reserve raised fed funds rates by 0.75% to a new target range of between 1.5% and 1.75% on Wednesday.

The Dow traded down 2.97% to 29,756.66 while the NASDAQ fell 4.73% to 10,573.75. The S&P also fell, dropping, 3.87% to 3,643.32.

Also check this: 3 Stocks Under $1 Insiders Are Buying

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