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


ANKARA

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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