You are here

Wall St rallies on Fed rate hike before pulling back on Powell-Trump spat

Stocks initially rallied after the Fed's statement and the Dow rose more than 100 points. But by the end of Fed chief Jerome Powell's press conference, the index was down over 100 points.

THERE were hardly any surprises when the US Federal Reserve raised interest rates on Wednesday, but the reality of rising rates still weighed on US stocks.

Subsequent press conferences from Fed chairman Jerome Powell and US President Donald Trump represented the closest thing the central-...

Market voices on: