Market Reacts to Federal Reserve's Decision

In a significant move, the Federal Reserve has decided to keep interest rates steady between 4.25% and 4.50%, leading to a downturn in major US stocks. Fed Chair Jerome Powell emphasized the committee's vigilant monitoring of 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 and major corporations, including Microsoft, Meta, Tesla, IBM, and Levi Strauss, set to be released shortly.

Stock Performance Overview

The Dow Jones Industrial Average saw a 0.31% decline, with Nvidia experiencing a significant 4.03% drop. Similarly, the Nasdaq 100 decreased by 0.24%, influenced by Datadog Inc.'s 4.06% fall, while the S&P 500 went down by 0.47%, as Packaging Corp faced a steep 9.77% decline.

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