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    Higher Interest Rates Talk Spooks Stocks

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    Wochit Headline News

    by Wochit Headline News

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    Higher interest rates are coming. And they are coming sooner than you think. That's the message investors took away from the Federal Reserve on Wednesday. In response, they sent stocks and gold prices lower and bond yields sharply higher. The Dow Jones industrial average lost 0.7 percent. The Dow fell as much as 209 points before erasing some of its loss. The Standard & Poor's 500 index dropped 0.6 percent and the Nasdaq composite also lost 0.6 percent.