U.S. stocks ended lower on Wednesday, after the Federal Reserve announced its recent policy decision. At the end of its two-day policy meeting, the US Fed raised its policy rate by 75 basis points for the third time. The Nasdaq 100 fell 1.80% to close at 11,637.79 on Wednesday, while the S&P 500 fell 1.71%. The Dow Jones dipped around 522 points to settle at 30,183.78 in the previous session.
Ark Investment Management founder Cathie Wood, who has been highly critical of the Federal Reserve's monetary policy stance, took to Twitter to offer her thoughts on Wednesday's rate move.
Walt Disney Co fell by 2.86% to $104.49 Wednesday as the market reacted to the Fed's decision to hike rates by 75 bps. What Happened? The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
Exela Technologies Inc fell by 8.80% to $0.56 during Wednesday's trading session as the market reacted to the Fed's decision to hike rates by 75 bps. What Happened? The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
Apple Inc shares are trading lower by 1.66% to $154.29 going into the close of Wednesday's trading session as the market reacts to the Fed's decision to hike rates by 75 bps. What Happened? The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
The SPDR S&P 500 is volatile after the Federal Reserve on Wednesday raised its benchmark rate by 0.75% for the third straight time and indicated that it will continue to hike well above the current level. What To Know: The 0.75% rate hike brings the target fed funds rate up to a new range between 3% and 3.25%, the highest levels seen since before the 2008 financial crisis.
Tesla Inc shares are trading lower by 2.16% to $302.05 going into the close of Wednesday's trading session as the market reacts to the Fed's decision to hike rates by 75 bps. What Happened? The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
Amazon.com, Inc. shares are trading lower by 2.17% to $119.54 Wednesday afternoon as the market reacts to the Fed's decision to hike rates by 75 bps. What Happened? The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
Palantir Technologies Inc shares are trading higher by 3.81% to $7.90 going into the close of Wednesday's trading session. What Happened? The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
Advanced Micro Devices, Inc. and NVIDIA Corporation shares are trading higher by 2.59% to $77.20 and 4.55% to $137.76, respectively, going into the close of Wednesday's trading session. What Happened? The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
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