Wall Street falls after Fed rate hike

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Reuters NEW YORK
Last Updated : Dec 15 2016 | 2:48 AM IST

NEW YORK (Reuters) - U.S. stocks fell on Wednesday after the Federal Reserve raised interest rates by a quarter point and signalled hikes could come next year at a faster pace than some expected.

The Dow Jones industrial average fell 118.48 points, or 0.6 percent, to 19,792.73, the S&P 500 lost 18.42 points, or 0.810839 percent, to 2,253.3 and the Nasdaq Composite dropped 27.16 points, or 0.5 percent, to 5,436.67.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

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First Published: Dec 15 2016 | 2:35 AM IST

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