Stocks fell after the Federal Reserve approved a third consecutive three-quarter-point interest rate hike. Investors had been closely watching for how aggressive the central bank would be in its battle to curb inflation. Higher interest rates generally hurt corporate earnings and stock prices.
The Dow fell by 244 points, or 0.8%.
The S&P 500 was down 0.8%.
The Nasdaq Composite slid 0.9% higher.