Wall St ends lower after Fed hikes interest rates, sees more tightening ahead
By Stephen Culp and Tharuniyaa Lakshmi
Wed September 16, 2026
Robust retail sales provided a bit of a lift to all the indexes this morning and that combined with Saudi Arabia allowing tankers through via Oman kept everything steady. It had the desired effect on the price of crude which dropped 3% and also brought the chip index up 0.6%. Then at 2 pm, everything dropped like a rock as it was likely at 2 pm that the Fed announced the first rate hike in more than three years along with the announcement that this would be only one of several more coming.
Between 2 pm and 3:30 the Dow dropped some 900 points until both it and the others started an almost immediate recovery, likely when the Fed added to its comments, “multiple rate hikes over the coming months will likely not do much to dent the solid overall economy.” During the final half hour all three recovered substantially but still closed in the red. Volume was well above the 15.33 average, closing at 18.42 billion shares traded.
DJ: 52,093.11 -328.09 NAS: 25,981.57
-204.84 S&P: 7,585.73
-34.25 9/15
DJ: 51,461.90 -631.21 NAS: 25,978.42
-3.15 S&P: 7,551.81
-33.92 9/16
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