Dow edges to record, dollar dips as Fed lifts rates

NEW YORK: Wall Street stocks and the dollar offered a muted reaction Wednesday to the Federal Reserve's decision to hike interest rates and signal one more increase in 2017.

The Dow edged to a fresh record, while both the S&P 500 and Nasdaq finished lower. The dollar's losses against the euro moderated after the Fed's announcement, which was more hawkish than some analysts expected.