 12:05pm: Dow, Nasdaq down on hawkish Fed sentiment The major US indices continued to fall midday, as Federal Reserve presidents signaled theyre not planning to stop interest rate hikes. At midday, the SP 500 was down by 0.5 at 3,936, the Nasdaq Composite was down by 0.4 at 11,136, while the Dow Jones was down by 0.07 to 33,530 points. 