Wall St ends lower after Fed holds rates steady

The Dow fell 317.01 points, or 0.82%, to 38,150.30, the S&P 500 lost 79.32 points, or 1.61%, to 4,845.65 and the Nasdaq lost 345.88 points, or 2.23%, to 15,164.01.

NEW YORK: US stocks tumbled on the last trading day in January after the Federal Reserve held interest rates steady while dashing hopes for interest rate cut as soon as March.

The three major US stock indices were already weighed down by weakness in tech and tech-adjacent megacap stocks the day after disappointing Alphabet results.