Fed decision gives markets the jitters

Brian O’Mahony, Business Correspondent,

By late afternoon, the Dow Jones was down less than 1%, but the FTSE 100 caught a serious bout of the jitters and lost close on £24 billion off its total market value of over £1 trillion, a fall of 2.5% on the day.

It shed billions as banks and energy stocks in particular took a hammering, as nervous investors fled to safer environs.