Equities rose into the September 16 decision - the S&P 500 up 0.3% and the Nasdaq 0.7% in the minutes after the statement - then reversed during the press conference as markets read Warsh as more hawkish than the hike itself. By late afternoon the S&P 500 was down 0.78% (59 points), the Nasdaq 0.36% and the Dow 1.54%, with CNBC reporting the Dow more than 700 points lower and financials leading the decline. Session still open at the snapshot's observedAt; the levels are late-session, not settled closes.