Stocks Ended Sharply Lower, Dow Fell over 450 Points

U.S. stocks ended sharply lower on Thursday, following a Federal Reserve decision and commentary that failed to placate markets. The Dow Jones Industrial Average dropped 464.06 points, or 1.99%, to 22,859.60. The S&P 500 fell 39.54 points, or 1.58%, to 2,467.42. The Nasdaq Composite slipped 108.42 points, or 1.63%, to 6,528.41.

Oil futures dropped on Thursday, sending U.S. benchmark prices to their lowest finish in 17 months after the Federal Reserve hiked U.S. interest rates, and as fir issues returned to haunt the market. February West Texas Intermediate tumbled $2.29, or 4.8%, to settle at $45.88 a barrel. February Brent fell $2.89, or 5.1%, to end at $54.35 a barrel.