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Finance & Markets

U.S. Stocks Come Under Pressure In Late-Day Trading After Fed Rate Hike

(RTTNews) - Stocks turned in a strong performance throughout much of the trading day on Wednesday but came under pressure in the latter part of the session. The major averages pulled back well off their highs of the session and into negative territory.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

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Warsh Gets a Credibility Boost

The Fed unanimously raised interest rates for the first time in more than three years. Bloomberg Opinion columnist Jonathan Levin explains why this boosts Chair Kevin Warsh’s credibility.

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