The S&P 500 traded lower in a roller coaster week on Wall Street as investors digested another Federal Reserve interest rate hike and a mixed batch of earnings reports.
On Wednesday, the Federal Reserve announced it’s raising its fed funds interest rate target by 0.5% to a new range of between 0.75% and 1%. The decision marked the first time the Fed has issued a rate hike of 0.5% or larger in more than 20 years.
