Media Stocks, Markets Plunge On Interest Rate Jitters, Dow Drops 1,100 Points

Stocks were decimated Wednesday with the three major indexes ending broadly lower after the U.S. Federal Reserve indicated it won’t cut rates as aggressively next year as markets had expected. The Fed cut rates today by 25 basis points at its regular meeting, following a 25 basis-point cut in November and a 50-point cut in […]