Analyst expectations had largely been predicting the Fed would hike by 50 basis points at the conclusion of its meeting on Wednesday. The fell 151.91 points, or 0.5%, to 30,364.83, the S&P 500 lost 14.15 points, or 0.38%, to 3,735.48 and the added 19.12 points, or 0.18%, to 10,828.35. The benchmark S&P 500 suffered its fifth straight daily decline, marking its longest losing streak since early January. Graphic: S&P 500 bear markets - https://fingfx.thomsonreuters.com/gfx/mkt/egpbkwzzyvq/Pasted%20image%201655136477182.pngAmong individual stocks, swimming pool supplies distributor Pool (NASDAQ: ) Corp slumped 5.27% after Jefferies cut its price target on the stock to $400 from $485. The S&P 500 posted 2 new 52-week highs and 77 new lows; the Nasdaq Composite recorded 11 new highs and 641 new lows.

Source: ABC News June 14, 2022 23:37 UTC