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Wall Street ends lower after fed statement

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News Jamestown,North Dakota 58401
Jamestown Sun
Wall Street ends lower after fed statement
Jamestown North Dakota 121 3rd St NW 58401

NEW YORK - U.S. stocks dropped more than 1 percent on Wednesday, hitting session lows after the Federal Reserve stuck with its plan to scale back stimulus even in the midst of emerging market turmoil.

The Dow Jones industrial average tumbled 189.71 points, or 1.19 percent, to end unofficially at 15,738.85. The Standard & Poor's 500 Index slid 18.30 points, or 1.02 percent, to finish unofficially at 1,774.20. TheNasdaq Composite Index fell 46.53 points, or 1.14 percent, to close unofficially at 4,051.43.