With the Fed announcing that they are not going to modify the current rate, the S&P 500 took a hit of about 1 percent of its total value. By saying that they are not going to raise rates, the Fed is pretty much saying to expect minimal growth this period (if not a decline) and
Source: Wall Street Falls after Unchanged Fed Rates by Gregg Hammon via Ready Tribe - Don't Just Survive, Thrive!.
