Wall Street falls after Fed holds rates steady

Macro
โดย Seeking Alpha·Read original
Summary · why it matters

Wall Street's major averages closed lower on Wednesday after the Federal Reserve left interest rates unchanged, a decision that was broadly anticipated by investors. The benchmark S&P 500 fell 1.2%, the Nasdaq Composite declined 1.3%, and the blue-chip Dow Jones Industrial Average slipped 0.9%, pulling back after earlier climbing to a fresh record high. On Thursday, traders will watch earnings from Accenture and Kroger, while investors will also tune into the latest US initial jobless claims report for fresh insight into labor market conditions.

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