Wall Street Sees Red After Fed's Rate Decision

In a move that was closely watched by investors and analysts alike, the United States Federal Reserve's Federal Open Market Committee (FOMC) announced its decision to keep interest rates unchanged, sparking a downturn in major stock indexes on Wall Street this Wednesday.

Dow Jones Industrial Average experienced a notable decline, trading 0.49% lower, which translates to a drop of 234 points by 2:11 pm ET. Similarly, the Nasdaq 100 and S&P 500 were not spared, with both indexes dropping by 0.79% and 0.82%, respectively.

In currency markets, the euro also felt the impact, trading 0.28% lower against the US dollar, settling at 1.04019.