The Federal Reserve gave investors exactly what they said they wanted on Wednesday, slashing interest rates by an outsized 50 basis points—but it still wasn’t enough. After a brief jump following the initial announcement, stocks went through a period of highly volatile trading before all three major U.S. market indices ended Wednesday lower.
The Dow Jones Industrial Average sank 0.25%, while the S&P 500 and the tech-heavy Nasdaq Composite sank 0.29%, and 0.31%, respectively.
