US Markets React 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 highlighted the committee's vigilant monitoring of the AI-driven market sell-off, emphasizing no immediate plans to alter the current policy stance.

Impact on Major Indices

The Dow Jones Industrial Average saw a decrease of 0.31%, with Nvidia's shares dropping by 4.03%. Similarly, the Nasdaq 100 fell by 0.24%, influenced by a 4.06% decline in Datadog Inc. The S&P 500 also decreased by 0.47%, with Packaging Corp experiencing a significant drop of 9.77%.

Currency Movements

On the currency front, the euro remained stable against the dollar, trading at 1.04118 by 3:59 pm ET.

Upcoming Earnings Reports

Investors are now turning their attention to the upcoming quarterly earnings reports from major companies, including Microsoft, Meta, Tesla, IBM, and Levi Strauss, expected to be released shortly.