Dow losses deepen, benchmark down round 300 factors as Fed refers to inflation’s rise as transitory

Dow losses deepen, benchmark down round 300 factors as Fed refers to inflation’s rise as transitory


U.S. shares noticed losses collect some steam Wednesday afternoon after the Federal Reserve, stored benchmark rates of interest regular, as anticipated, however referred to inflation as transitory and stated that it might want substantial additional progress earlier than tapering its asset-purchase program, which is at present working at $120 billion a month. The Dow Jones Industrial Average
DJIA,
-0.77%

was down practically 300 factors, or 0.9%, at 33,999 the S&P 500 index
SPX,
-0.54%

was off 0.7% at 4,217, whereas the Nasdaq Composite Index
COMP,
-0.24%

was off 0.6% at 13,995.



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