Agence France-PresseMarch 20, 2014 04:47
US stocks dropped after Federal Reserve Chair Janet Yellen offered a rough time-table for when the central bank could raise benchmark interest rates.
At the closing bell, the Dow Jones Industrial Average slid 113.12 points (0.69 percent) to 16,223.07.
The broad-based S&P 500 fell 11.41 (0.61 percent) to 1,860.84, while the tech-rich Nasdaq Composite Index declined 25.71 (0.59 percent) to 4,307.60.
Stocks did not move significantly after the Fed's initial policy announcement at 1800 GMT, which, as expected, continued a plan to trim back stimulus.