Don’t miss the latest developments in business and finance.

Bank shares weigh on S&P 500 after Fed rate hike

Image
Reuters NEW YORK
Last Updated : Dec 14 2017 | 2:55 AM IST

NEW YORK (Reuters) - The S&P 500 dipped on Wednesday under pressure from the financial sector after the Federal Reserve made a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth.

The Dow Jones Industrial Average rose 81.11 points, or 0.33 percent, to 24,585.91, the S&P 500 lost 1.21 points, or 0.05 percent, to 2,662.9 and the Nasdaq Composite added 13.48 points, or 0.2 percent, to 6,875.80.

(Reporting by Sinead Carew; Editing by James Dalgleish)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 14 2017 | 2:51 AM IST

Next Story