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Stocks fall, dollar pares losses after Fed decision

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - U.S. stocks mostly fell while the dollar cut its losses on Wednesday after the Federal Reserve delivered a widely expected U.S. interest rate hike.A slide in technology stocks weighed on the Nasdaq and S&P 500 as investors worried about the pace of economic growth after the rate increase and weaker-than-expected inflation data.The U.S. central bank lifted the benchmark lending rate by a quarter percentage point, its second quarter-point hike this year, and said it would begin cutting its huge holdings of bonds and securities this year. Fed policy ...

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First Published: Thu, June 15 2017. 04:24 IST
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