US stocks follow global markets slide in wake of Fed's interest rate decision
by Rupert Neate in New York and Larry Elliott in Lond from on (#MW87)
Dow closes down 291 points as Federal Reserve's move to keep rates at 0-0.25% reflects its concern for world economy
US stock markets closed down almost 2% on Friday following sharp falls across the world due to investors' renewed concern about the health of the global economy after the US Federal Reserve decided to leave interest rates on hold.
The Dow Jones Industrial Average closed down 291.7 points (1.75%) to 16,383 points. The S&P 500 lost 32.09 points (1.6%) to 1,958.11, and the Nasdaq fell 66.72 points (1.36%) to 4,827.23 points.
Related: Global economy faces low growth in next year, says OECD
Related: UK may have to cut interest rates, warns Bank of England chief economist
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