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Stock impact report

Dow Jones Eyes 700-Point Weekly Loss After Fed Rate Hike; This Stock Market Leader Holds Firm [Investor's Business Daily]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Related news Investors showed their disappointment with a swift sell-off in stocks today right after the Federal Reserve decided to push up short-term interest rates by another quarter point. The Dow Jones industrial average hacked a nearly 1% gain right before the announcement to a loss of more than 1%. The Nasdaq composite's 1.2% midday advance evaporated in a matter of minutes after the U.S. central bank ratcheted the fed funds rate up to a 2.25%-2.5% target range . That marks the Fed's ninth quarter-point hike since December 2015. The Nasdaq dropped more than 2% with roughly an hour to go in the session. The S&P 500 slumped around 1.5%. Volume is running slightly higher vs. the same time Tuesday on the Nasdaq and roughly flat on the NYSE. As defensive sectors such as food and cyclical sectors including oil, building and RV makers rallied sharply, sellers dominated in airfreight, gold and silver mining, generic drugs, home medical care, long term care and chip manufacturing indust Show less Read more
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