U.S. stocks slip late in session after Fed rate hike
U.S. major averages turned lower late on Wednesday after trading strongly earlier; Dow pulled into negative territory, with indexes slipping from session highs.
WASHINGTON (dpa-AFX) - Stocks were strong for much of Wednesday’s trading session before coming under pressure late in the day. The major averages fell well off their session highs and moved into negative territory. The Dow led declines, slumping.