Wednesday was worst-ever Fed day for S&P 500, investment group says
The S&P 500 slid close to 3% on Wednesday. That marked its worst performance on record during a Federal Reserve interest rate announcement day, according to Bespoke Investment Group.
The broad index fell after the Fed indicated that it would cut rates less than previously expected next year. Wednesday recorded the biggest one-day drop for the S&P 500 since the global market rout on Aug. 5.
— Alex Harring