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The New York stock market closed lower after the U.S. Federal Reserve (Fed) froze its benchmark interest rate, as long-term U.S. bond yields surged amid concerns about inflation risks.
On this day, the Dow Jones Industrial Average closed at 51,594.14, down 1,153.18 points (-2.19%) from the previous trading day.
The Standard & Poor's (S&P) 500 index closed at 7,316.15, down 112.63 points (-1.52%) from the previous trading day, and the technology-heavy Nasdaq index closed at 24,442.94, down 433.97 points (-1.74%) from the previous trading day.
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