Market Reaction to Federal Reserve's Decision

Following the Federal Reserve's announcement to maintain interest rates between 4.25% and 4.50%, major U.S. stock indices experienced a downturn. Fed Chair Jerome Powell emphasized the central bank's vigilance over the AI-driven market sell-off, indicating no immediate plans to alter the current policy stance.

Earnings Reports on the Horizon

Investors are also keenly awaiting the quarterly results from tech giants Microsoft, Meta, Tesla, IBM, and apparel company Levi Strauss, set to be released shortly. These reports are anticipated to provide further direction to the market.

Index Performance

The Dow Jones Industrial Average declined by 0.31%, with Nvidia's shares dropping 4.03%. The Nasdaq 100 saw a 0.24% decrease, influenced by Datadog Inc.'s 4.06% fall, while the S&P 500 decreased by 0.47%, impacted by Packaging Corp's significant 9.77% drop.

Currency Movements

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