Dow Falls 65 After Fed Announcement

S&P 500 also falls, but Nasdaq is up
By Newser Editors and Wire Services
Posted Sep 17, 2015 3:18 PM CDT
Dow Falls 65 After Fed Announcement
Specialist Peter Giacchi, right, works at his post that handles Madison Square Garden on the floor of the New York Stock Exchange, Thursday, Sept. 17, 2015. U.S. stocks are edging mostly lower in early trading as investors wait for news about interest rates from the Federal Reserve.    (Richard Drew)

Stocks ended mostly lower after a volatile day as traders tried to figure out what was next for US interest rates. The bumpy trading today came after the Federal Reserve decided to keep interest rates low, citing weakness in the global economy and unsettled financial markets. Bond prices rose, sending yields lower, as traders reacted to the Fed's prediction that inflation will remain subdued. The dollar fell against other currencies. The Dow Jones industrial average ended down 65 points, or 0.4%, at 16,674. It rallied shortly after the Fed's statement came out, then drifted lower for the rest of the day. The Standard & Poor's 500 gave up five points, or 0.3%, to 1,990 and the Nasdaq rose four points, or 0.1%, to 4,893. (More Dow Jones stories.)

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