Fed's Divided Stance Fails to Sustain Dow's Relief Rally as Chip Rout Extends

The Dow Jones Industrial Average surged over 200 points immediately following the Federal Reserve's decision to hold interest rates steady in the 3.5% to 3.75% range on Wednesday, but the rally proved remarkably fleeting. By Thursday's close, the index had erased its gains, trading near 52,100 after failing to hold the 52,800 area resistance. The Fed's 9-3 vote, with three dissents favoring an immediate hike, left markets with a "flatter path"...