Wall Street rally fizzles, US dollar rises, after Fed rate hike

The Dow Jones Industrial Average fell 106.93 points, or 0.4 percent, to 26,385.28, the S&P 500 lost 9.59 points, or 0.33 percent, to 2,905.97 and the Nasdaq Composite dropped 17.11 points, or 0.21 percent, to 7,990.37.

Benchmark 10-year notes last rose 14/32 in price to yield 3.0499 percent, from 3.102 percent late on Tuesday.

The pan-European FTSEurofirst 300 index rose 0.27 percent and MSCI's gauge of stocks across the globe shed 0.15 percent.

The dollar index rose 0.15 percent, with the euro down 0.25 percent to $1.1741. The Japanese yen strengthened 0.25 percent versus the greenback at 112.74 per dollar.

Oil prices eased off four-year highs above $82 hit on Tuesday but were still set for a fifth consecutive monthly quarter of gains, driven by a looming drop in Iranian exports in the last quarter of the year when global demand heats up.

US crude fell 0.43 percent to USD 71.97 per barrel and Brent was last at USD 81.10, down 0.2 percent on the day.

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