Wall Street wilts after Fed-inspired rally

Discussion in 'Market News' started by Lily, Dec 18, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    US stocks slide as relief rally ends, but European stocks end day higher

    An initial stock market surge after the US Federal Reserve raised interest rates for the first time in nearly a decade ran out of steam after an opening fall on Wall Street.

    European shares managed to end the day in positive territory, but closed off their best levels as the US central bank sanctioned a 0.25% rise in borrowing costs, signalling an end to the low interest rate environment which has prevailed since the financial crisis in 2008.

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