By: JeeYeon Park | CNBC.com Writer
Stocks accelerated their selloff in the
final hour of trading to end near session lows Wednesday, after the
Federal Reserve said it will maintain its bond-buying program, though
Chairman Ben Bernanke hinted that the central bank plans to moderate
purchases later this year.
The Dow Jones Industrial Average tumbled 206.04 points, or 1.35 percent, to end at 15,112.19, wiping out most of its gains from the last two sessions.
All 30 Dow components finished in the red, dragged by Verizon and AT&T. The blue-chip index logged its seventh-straight triple-digit move.
The S&P 500 slumped 22.88 points, or 1.39 percent, to finish at 1,628.93. And the Nasdaq fell 38.98 points, or 1.12 percent, to close at 3,443.20.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished above 16.
The Dow Jones Industrial Average tumbled 206.04 points, or 1.35 percent, to end at 15,112.19, wiping out most of its gains from the last two sessions.
All 30 Dow components finished in the red, dragged by Verizon and AT&T. The blue-chip index logged its seventh-straight triple-digit move.
The S&P 500 slumped 22.88 points, or 1.39 percent, to finish at 1,628.93. And the Nasdaq fell 38.98 points, or 1.12 percent, to close at 3,443.20.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished above 16.
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