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Wall Street fell after the Fed’s decision to raise interest rates

Wall Street fell after the Fed’s decision to raise interest rates

With extreme volatility, the main New York indices received the news about interest rates from the Federal Reserve.

The Federal Reserve raised interest rates a quarter of a percentage point on Wednesday, Given this, the main stock market indices operated with extreme volatility to finally close lower.

The Dow Jones fell 0.8% to 33,414.24 points, the Nasdaq, meanwhile, lost 0.5% to 12,025.33 points, while the S&P 500 fell 0.7% to 4,090.75 points.

The unanimous decision raised the US central bank’s overnight benchmark interest rate to the range of 5.00% to 5.25%, the highest level since 2007.and the Fed’s 10th consecutive hike since March 2022.

The Fed has signaled that it may pause to allow time to assess the consequences of the recent bank failures, wait for the resolution of a political standoff over the US debt limit and watch the course of inflation.

At the close of today, Qualcomm, Marathon Oil and Mercado Libre, among the most relevant, publish their results. Apple’s results are expected tomorrow with great expectation.

Source: Ambito

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