US stocks close lower, failing to recover from losses after Fed rate hike


US stocks closed lower Thursday, failing to recover from the previous day’s losses when the Federal Reserve made a rate hike of 75 basis points for a third straight time. 

The Dow lost 107 points, or 0.35%, to finish the day at 30,076. The S&P 500 fell almost 32 points, or 0.84%, to 3,757.

The tech-heavy Nasdaq plummeted 153 points, or 1.37%, to end the session at 11,066.

All indexes shed around 1.7% Wednesday after the Fed’s much-anticipated September…

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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