Market Reacts to Fed'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 committee's vigilance over the AI-driven market sell-off, indicating no immediate plans for policy adjustments.

Earnings Reports on the Horizon

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

Index Performance

The Dow Jones Industrial Average fell by 0.31%, with Nvidia leading the decline at 4.03%. The Nasdaq 100 and S&P 500 also saw decreases, dropping by 0.24% and 0.47%, respectively, influenced by significant losses from Datadog Inc. and Packaging Corp.

Currency Movements

In currency markets, the euro remained stable against the dollar, trading at 1.04118 by late afternoon.