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New Rockford school project approved

Wall Street ends lower after fed statement


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.