Markets reacted sharply to the Federal Reserve's latest rate hike, as the Dow shed 500 points and the S&P 500 fell 0.3%, though the Nasdaq managed to hold onto marginal gains.
The Dow dropped nearly 500 points or 0.9% as the Fed raised rates, a clear bearish intraday move.
The S&P 500 fell 0.3% after the Fed's rate hike, signaling immediate bearish index reaction.
The Nasdaq stayed up less than 0.1% despite the Fed's rate hike, showing slight relative resilience.
The Federal Reserve enacted a 0.25 percentage point interest rate hike, marking the first increase since 2023. The move triggered a broad market sell-off, with the Dow Jones Industrial Average sliding 0.9% while the S&P 500 retreated 0.3% amid rising bond yields.
The Dow Jones Industrial Average dropped 0.9%, the S&P 500 fell 0.3%, while the Nasdaq remained slightly positive with a gain of less than 0.1%.