The Dow Jones Industrial Average fell more than 500 points Wednesday and erased early gains after new Federal Reserve Chair Kevin Warsh held his first policy meeting.
The broader S&P 500 also dipped 1.2 percent in the worst showing for a new chair on “Fed day” with the losses mounting as Warsh spoke to reporters after the meeting, CNBC reported.
The tech-heavy Nasdaq fell even more and was down 1.4 percent.
More to follow…
