US stocks today: Dow ends 650 pts lower after Fed rate hike, more rate tightening seen

US stocks end lower after the Federal Reserve raises interest rates as expected and signals further tightening to tackle elevated inflation. The Dow falls 1.17%, while the S&P 500 drops 0.43% and the Nasdaq is nearly flat. Lower crude prices weigh on energy stocks, while chip shares gain.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.