Stocks close lower despite Fed statement
The Dow Jones Industrial Average ($DJI) fell 81 points, or 0.8 percent, to finish at 9,749, while the broader S&P 500 ($INX) retreated 11 points, or 1 percent, to 1,061. The tech-heavy Nasdaq Composite ($COMPX) gave up 15 points, or 0.7 percent, to close at 2,131.
Shares in financial firms were among the notable laggards Wednesday. JPMorgan Chase (JPM) fell 3 percent, Citigroup (C) dropped 2.8 percent, and Wells Fargo (WFC) slipped 2.1 percent.
For more on stocks making moves today, be sure to check out BloggingStocks' market wrap up.