Wall Street succumbs to wave of selling, Dow Jones dives 305 points

NEW YORK, New York - U.S. stocks made tepid rises on Friday before succumbing to a wave of selling late in the day as investors continued to gyrate over the future direction of interest rates.

The U.S. Federal Reserve is likely to hike rates fifty basis points next week, an expectation already built into markets. What happens next year is occupying the minds of traders more with some seeing inflation peaking and