Wall Street falls after Fed rate hike

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 <.DJI> fell 118.48 points, or 0.6 percent, to 19,792.73, the S&P 500 <.SPX> lost 18.42 points, or 0.810839 percent, to 2,253.3 and the Nasdaq Composite <.IXIC> dropped 27.16 points, or 0.5 percent, to 5,436.67.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)