The Dow and Nasdaq index fell all at once.
On the 16th (US eastern time), the Dow Jones 30 Industrial Average closed at 32,920.46, down 281.76 points (0.85%) from the battlefield on the New York Stock Exchange (NYSE).
The Standard & Poor’s (S&P) 500 index closed at 3,852.36, down 43.39 points (1.11%) from the battlefield, and the Nasdaq index closed at 10,705.41, down 105.11 points (0.97%).
US Federal Reserve (Fed) officials have dampened investor sentiment by predicting a rate hike next year.
The Fed raised its benchmark interest rate to 4.25-4.50% at the Federal Open Market Committee (FOMC) in December. Fed members predicted at this FOMC that the final U.S. interest rate would rise to 5.1% next year.
