Wall Street retreats on Fed decision, Dow Jones drops 77 points

NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts later next year, the U.S. Federal Reserve said Wednesay as it decided to leave interest rates unchanged this month.

U.S. equity markets went on a roller coast ride shortly after but eventually ended with all the major indices down. The tech-laden Nasdaq Composite bore the most damage.

"Recent indicato