U.S. stocks slumped Thursday as investors continued to digest the Federal Reserve’s interest-rate increase and its guidance on the path of future policy. The Dow Jones Industrial Average dropped 379 points, or 1.6%, to 22949. The S&P 500 fell 1.5% after sliding to its lowest close since September 2017 a day earlier. The technology-heavy Nasdaq Composite declined 1.9% to 6511, teetering near bear-market territory, defined as a drop of 20% from a recent peak. The index would need to close at or below 6487.75 to enter its...

Source: Wall Street Journal December 20, 2018 05:43 UTC