THE stock market finished lower on Wednesday as investors felt disheartened by the US Federal Reserve’s announcement that it was insulated from political pressures on rate cuts.

The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.26 percent or 20.52 points to close at 8,013.57, while the wider All Shares declined by 0.23 percent or 11.49 points to end at 4,897.51.