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Dow sinks 530 points after Fed rate hike

STORY: Dow sinks 530 points after Fed rate hike DATELINE: March 23, 2023 LENGTH: 00:02:28 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of New York Stock Exchange on Wall Street 2. various of the Federal Reserve 3. various of Fed Chair Jerome Powell making an announcement 4. various of a Signature Bank branch in Manhattan, New York STORYLINE: U.S. stocks fell sharply on Wednesday after the Federal Reserve raised rates by a quarter of a percentage point. The Dow Jones Industrial Average fell 530.49 points, or 1.63 percent, to 32,030.11. The S&P 500 dropped 65.90 points, or 1.65 percent, to 3,936.97. The Nasdaq Composite Index shed 190.15 points, or 1.60 percent, to 11,669.96. All the 11 primary S&P 500 sectors ended in red, with real estate and financials down 3.64 percent and 2.37 percent respectively, leading the slide. The Fed approved a 25 basis point rate hike at the conclusion of its two-day meeting on Wednesday, forging ahead with its fight against stubborn inflation despite fina

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America's Nagasu 4th in women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points.

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America's Nagasu 4th at women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States reacts after completing her performance in the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points.

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America's Nagasu 4th at women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States reacts to her score for the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points.

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America's Nagasu 4th in women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points.

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America's Nagasu 4th in women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points.

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America's Nagasu at 4th at women's figure skating

VANCOUVER, Canada - America's Mirai Nagasu of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver, Canada, on Feb. 25, 2010. Nagasue came in fourth with a total of 190.15 points.

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America's Nagasu at 4th at women's figure skating

VANCOUVER, Canada - America's Mirai Nagasu of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver, Canada, on Feb. 25, 2010. Nagasue came in fourth with a total of 190.15 points.

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(CORRECTED) America's Nagasu at 4th at women's figure skating

VANCOUVER, Canada - America's Mirai Nagasue of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver, Canada, on Feb. 25, 2010. Nagasu came in fourth with a total of 190.15 points. (Kyodo)

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(CORRECTED) America's Nagasu at 4th at women's figure skating

VANCOUVER, Canada - America's Mirai Nagasue of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver, Canada, on Feb. 25, 2010. Nagasu came in fourth with a total of 190.15 points. (Kyodo)

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America's Nagasu 4th in women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points. (Kyodo)

E

America's Nagasu 4th at women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States reacts after completing her performance in the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points. (Kyodo)

E

America's Nagasu 4th at women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States reacts to her score for the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points. (Kyodo)

E

America's Nagasu 4th in women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points. (Kyodo)

E

America's Nagasu 4th in women's figure skating

VANCOUVER, Canada - Mirai Nagasu of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver on Feb. 25, 2010. Nagasu came fourth with a total of 190.15 points. (Kyodo)

E

America's Nagasue at 4th at women's figure skating

VANCOUVER, Canada - America's Mirai Nagasue of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver, Canada, on Feb. 25, 2020. Nagasue came in fourth with a total of 190.15 points. (Kyodo)

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America's Nagasue at 4th at women's figure skating

VANCOUVER, Canada - America's Mirai Nagasue of the United States performs during the free program of the women's figure skating event at the Vancouver Winter Olympics at Pacific Coliseum in Vancouver, Canada, on Feb. 25, 2020. Nagasue came in fourth with a total of 190.15 points. (Kyodo)