NYSE Closes Lower as Market Digests Fed Policy Statement

The New York Stock Exchange (NYSE) closed Thursday lower with the market digesting the effect of the Federal Reserve’s decision to maintain interest rates near 0%, a move that would probably continue until 2023.

The Dow Jones Industrial Average declined by 130.40 points, or 0.4%, to close at 27,901.98 points.

The S&P 500 index decreased by 28.48 points, or 0.84%, and finished at 3,357.01 points.

Meanwhile, the Nasdaq Composite settled lower by 140.19 points, or 1.3%, at 10,910.28 points.