S&P 500 Falls to 2-Month Low as Stocks Extend Post-Fed Selloff
- Dow average suffers its biggest decline since Sept. 1
- Trading volume surges the most since August amid expirations
How Does the Fed Rate Hike Impact Currencies?
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U.S. stocks suffered the biggest two-day retreat in three months, as investors weighed the impact of the Federal Reserve’s interest-rate increase and the prospects for slowing global growth.
The Dow Jones Industrial Average tumbled more than 360 points, as Apple Inc., Walt Disney Co. and Boeing Co. fell at least 2.7 percent. Banks, technology and consumer companies in the Standard & Poor’s 500 Index all lost more than 1.4 percent to pace a broad selloff.