U.S. stocks finished lower on Wednesday with the Dow Jones Industrial Average losing sight of its 20,000-target after the Federal Reserve raised interest rates for the first time in a year. Major indexes had initially risen after the central bank announced its decision but equities turned lower as the Fed forecast three rate hikes in 2017. “[The] markets are focused-and upset with-the more hawkish tilt to the 2017 rate path,” Quincy Krosby, market strategist at Prudential Financial, said in a note. The Dow Jones Industrial Average snapped its seven-day winning streak to fall 117 points, or 0.6%, to end at 19,793 and the S&P 500 slid 18 points, or 0.8%, to close at 2,253. The Nasdaq Composite Index dropped 27 points, or 0.5%, to close at 5,436.
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