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U.S. stocks decline after Fed rate hike decision

NEW YORK
2016-12-15 05:54

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U.S. stocks ticked down Wednesday, as the U.S. Federal Reserve decided to raise benchmark interest rate by 25 basis points, the first and only time in 2016.

The Dow fell 0.60 percent, and the S&P 500 decreased 0.81 percent, while the Nasdaq lost 0.50 percent.

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