Dow sinks 1,100 points after Fed holds off on hike

Stocks fell sharply on Wednesday as the Federal Reserve held interest rates steady again despite continued inflation pressure. The Dow Jones Industrial Average closed 1,153.18 points, or 2.19 percent, for its worst decline since April 2025 — when President Trump unveiled his sweeping “Liberation Day” tariffs. The S&P dipped by 1.52 percent, falling to 7,316.15...