By CCN.com: The Dow and broader U.S. stock gave up gains in the final hour of trading Wednesday, as investors dissected a statement from the Federal Reserve that seemed to imply the door was still open to future rate rises. Dow Gives Up Gains All of Wall Street’s major indexes opened higher, reflecting a strong pre-market for Dow futures. However, the gains began to erode by the afternoon session and completely reversed in the final hour of trading. The Dow Jones Industrial Average plunged 162.77 points, or 0.6%, to close at 26,430.14. After trading at record highs, the S&P 500
The post Dow Plummets at the End of Trading as Fed’s Powell Stokes Rate-Hike Jitters appeared first on CCN
* First published on ccn.com
