US Dow tumbles to 3-month low on hawkish Fed

At the close of trade, the Dow Jones Industrial Average index stumbled 522.45 points, or 1.7%, to 30,183.78. The S&P500 index dropped by 66 points, or 1.71%, to 3,789.93. The tech-heavy Nasdaq Composite Index fell 204.86 points, or 1.79%, to 11,220.19.

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