stocks trimmed gains wednesday after initially holding their ground afterthe federal reserve delivered a 75 basis point hike in its fed funds rate  the largest such move since 1994 but one that was widely expected after a hotterthanexpected inflation reading at the end of last week the dow jones industrial average gave up a gain of around 228 points to dip into negative territory trading fractionally lower the sp 500 was up 03 versus a 11 gain ahead of the announcement while the nasdaq composite remained up 09 versus a rise of 19 earlier stocks were on track to snap a brutal fiveday losing streak seen in the runup to wednesdays decision treasury yields rose with the 10year at 3433 versus 3395 just ahead of the announcement