FED SHOCKER: Dow Plummets 800 Points as Rate Hike Fears Grip Wall Street!

FED SHOCKER: Dow Plummets 800 Points as Rate Hike Fears Grip Wall Street!

US stock markets lagged on Wednesday. The Dow was calculated at 44,713.52 points at the close of trading in New York, a minus of 0.31 percent compared to the previous trading day.

Just minutes earlier, the broader S&P 500 had around 6,040 points, a 0.5 percent decline and the technology stock market, the Nasdaq, had calculated the Nasdaq 100 at around 21,410 points, a 0.3 percent decline.

Market observers had expected investors to anticipate a pause in interest rates by the US central bank, but had hoped for stronger signals on future interest rate cuts.

The European common currency was slightly weaker on Wednesday evening: one euro cost 1.0410 US dollars and a dollar was accordingly worth 0.9606 euros.

The gold price showed a decline, with 2,755 US dollars paid per fine ounce at night (-0.3 percent), equivalent to a price of 85.08 euros per gram.

Meanwhile, the oil price fell: a barrel of the Brent North Sea type cost around 22:00 German time on Wednesday evening at 76.77 US dollars, a decrease of 72 cents or 0.9 percent from the close of the previous trading day.