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Stocks give up early gains and fall after the Fed hikes interest rates

Stocks give up early gains and fall after the Fed hikes interest rates
Photo: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) · view original

NEW YORK (AP) — U.S. stocks fell after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more increases may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 sank 0.4% Wednesday after giving up a modest gain from earl...

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