Stocks tumble on Fed tightening plans

Stocks tumble on Fed tightening plans

(Reuters) - U.S. stocks declined sharply on Wednesday after the Federal Reserve's forecast of fewer interest-rate increases in 2019 fell short of investors' hopes of a more dovish monetary policy.

The Dow Jones Industrial Average <.DJI> fell 351.98 points, or 1.49 percent, to 23,323.66, the S&P 500 <.SPX> lost 35.48 points, or 1.39 percent, to 2,510.68, and the Nasdaq Composite <.IXIC> dropped 140.80 points, or 2.08 percent, to 6,643.11.

(Reporting by April Joyner; Editing by Leslie Adler)

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Updated Date: Dec 20, 2018 03:05:40 IST

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