Stocks Ended Lower amid Fed Decision

U.S. stocks ended lower on Wednesday as investors digested the Federal Reserve’s decision to leave interest rates unchanged. The Dow Jones Industrial Average fell 174.07 points, or 0.72%, to 23,924.98. The S&P 500 lost 19.13 points, or 0.72%, to 2,635.67. The Nasdaq Composite dropped 29.81 points, or 0.42%, to 7,100.90.

The Federal Reserve has kept interest rates unchanged. The U.S. central bank released its latest policy statement, maintaining a target benchmark interest rate range of 1.5%-1.75%.

Spotify Technology on Wednesday posted quarterly revenue in line with its recent outlook. Revenue for the latest quarter was 1.139 billion euros ($1.36 billion), up 26 percent from a year earlier, or 37 percent excluding currency effects.