Power Goes Out on S&P 500 Rally as China Crashes Fed Celebration
The S&P 500 flirts with 2,000 before rate hold drops stocks
Utilities boosted, financials hit after the rate decision
Janet Yellen killed the week’s equity rally by bringing front and center the very things investors had hoped to get past: murkiness over the global economy and interest rates.
Volatility returned to stocks after a brief hiatus, snuffing out the biggest rally before a Federal Reserve decision since 2012, as the central bank delayed raising interest rates because of concerns about global growth and unstable financial markets.