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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-STOCKS-FALL

(230524) -- NEW YORK, May 24, 2023 (Xinhua) -- Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on May 24, 2023. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 0.77 percent to 32,799.92, the S&P 500 fell 0.73 percent to 4,115.24, and the Nasdaq was down 0.61 percent to 12,484.16. (Photo by Michael Nagle/Xinhua)

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Facebook makes debut on Nasdaq

NEW YORK, United States - Photo shows a display at the Nasdaq Stock Market in New York on May 18, 2012, welcoming the day's listing of shares of Facebook Inc. The operator of the world's largest social networking site ended its first trading day at $38.23, up 0.61 percent from the firm's $38 offering price.

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U.S. stocks fall after Fed raises rates, signals more hikes ahead

STORY: U.S. stocks fall after Fed raises rates, signals more hikes ahead DATELINE: Dec. 15, 2022 LENGTH: 0:02:28 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of New York Stock Exchange on Wall Street 2. various of U.S. Federal Reserve 3. various of Fed Chair Jerome Powell making opening remarks while attending a press conference on Dec. 14 4. various of consumers in New York City during holiday season STORYLINE: Wall Street's major averages declined on Wednesday after the Federal Reserve raised interest rates for the seventh time this year and signaled more hikes to come next year. The Dow Jones Industrial Average decreased 142.29 points, or 0.42 percent, to 33,966.35. The S&P 500 fell 24.33 points, or 0.61 percent, to 3,995.32. The Nasdaq Composite Index dipped 85.93 points, or 0.76 percent, to 11,170.89. Ten of the 11 primary S&P 500 sectors ended in red, with financials and materials down 1.29 percent and 1.11 percent, respectively, leading the laggards. Health care rose 0.14 percen

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Facebook makes debut on Nasdaq

NEW YORK, United States - Photo shows a display at the Nasdaq Stock Market in New York on May 18, 2012, welcoming the day's listing of shares of Facebook Inc. The operator of the world's largest social networking site ended its first trading day at $38.23, up 0.61 percent from the firm's $38 offering price. (Kyodo)