Wall Street Opens Lower Amid Federal Reserve's Rate Decision

Investors are still analyzing the Federal Reserve's interest rate decision, leading to a lower opening on Wall Street this Friday. Federal Reserve officials have expressed concerns over the current volatile trade policies and rising inflation expectations, adding to the market's uncertainty.

Market Impact

The Dow Jones Industrial Average saw a significant drop, falling 1% or 464 points by 9:32 am ET, with IBM Corp. shares decreasing by 0.64%. Similarly, the Nasdaq 100 lost 1.26% or 240 points, led by a 1.46% decline in Microchip Technology Inc. shares. The S&P 500 wasn't spared, dropping 0.77%, largely due to FedEx Corp. shares sinking by 11.18%.

Currency Fluctuations

In the currency market, the euro experienced a slight decrease against the dollar, trading 0.21% lower at 1.08304 by 9:34 am ET.