Stocks Continue Falling After Fed Hikes Rates

The stock market remained in the red Thursday afternoon, continuing its selloff after the Federal Reserve lifted rates and signaled it would remain aggressive in its fight against inflation.

The Dow Jones Industrial Average had slipped 98 points, or 0.3%, while the S&P 500 had declined 0.9%, and the Nasdaq Composite was down 1.6%. The indexes dropped more than 1.1% Wednesday.