S&P, Dow Jones, Nasdaq drop after Fed rate announcement on concerns about hard landing

Sep. 21, 2022 4:01 PM ETS&P 500 Index (SP500), COMP.IND, DJIUS10Y, US2YBy: Kim Khan, SA News Editor329 Comments

Federal Reserve Chair Jerome Powell Holds News Conference Following Federal Open Market Committee Meeting

Drew Angerer/Getty Images News

The stock market finished deep in the red on Wednesday after the Federal Reserve's latest rate decision sparked a wave of volatility during the afternoon. Stocks fell in the late stages of the session amid concerns

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