Stocks Slip After Fed Hikes Rates

The Fed raised a key interest rate by 25 basis points, as expected. Earnings from Cisco, Disney, and Toyota were also in focus

Stocks finished mostly lower Wednesday, after the Federal Reserve raised the federal funds target rate by 25 basis points to 5%, as expected. Trading was choppy following the news, but the market did not show a clearly positive or negative reaction by the close, says Standard & Poor's Equity Research.

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