Market Reacts to Federal Reserve's Decision

In a move that was closely watched by investors, the Federal Reserve decided to keep interest rates steady, maintaining them between 4.25% and 4.50%. This decision came amidst a backdrop of an AI-driven market sell-off, with Fed Chair Jerome Powell emphasizing the committee's vigilant monitoring of the situation and their reluctance to hastily adjust the policy stance.

Earnings Reports on the Horizon

As the market digests the Fed's latest move, all eyes are now turning towards the upcoming earnings reports from tech giants and major corporations. Microsoft, Meta, Tesla, IBM, and Levi Strauss are set to reveal their quarterly results shortly, adding another layer of anticipation to an already tense market environment.

Stock Performance Overview

The Dow Jones Industrial Average saw a decline of 0.31%, with Nvidia experiencing a significant drop of 4.03%. Similarly, the Nasdaq 100 decreased by 0.24%, largely due to Datadog Inc.'s 4.06% fall. The S&P 500 wasn't spared either, dropping 0.47% as Packaging Corp took a substantial hit, plummeting by 9.77%.

Currency Market Update

In the currency markets, the euro remained stable against the dollar, trading at 1.04118 by 3:59 pm ET, reflecting a moment of calm in an otherwise tumultuous day for the financial markets.