Market Reaction to Federal Reserve's Decision

Following the Federal Reserve's announcement to maintain interest rates between 4.25% and 4.50%, major US stocks experienced a downturn. Fed Chair Jerome Powell emphasized the committee's cautious approach towards the AI-driven market sell-off, indicating no immediate plans to alter the current policy stance.

Earnings Reports on the Horizon

Investors are eagerly awaiting the quarterly results from tech giants Microsoft, Meta, Tesla, IBM, and Levi Strauss, set to be released shortly.

Stock Performance Highlights

The Dow Jones Industrial Average saw a decline of 0.31%, with Nvidia leading the drop at 4.03%. The Nasdaq 100 fell by 0.24%, influenced by a 4.06% decrease in Datadog Inc. Similarly, the S&P 500 dropped 0.47%, as Packaging Corp faced a significant 9.77% downturn.

Currency Exchange Update

At 3:59 pm ET, the euro remained stable against the dollar, trading at 1.04118.