Dow falls 392 points as Fed signals more agressive interest rate spike

Jan. 5 (UPI) — U.S. markets plummetted Wednesday after the Federal Reserve mentioned plans to lift interest rates more aggresively.

The Dow Jones Business Average fell 392 issues, or 1.07%, while the S&P 500 dropped 1.84% and the Nasdaq Composite closed the day down 3.34% as tech stocks had been among the hardest hit.