Reported about 18 hours ago
On January 29, 2025, the Federal Reserve decided to keep interest rates unchanged in the range of 4.25%-4.5%, leading to a decline in major stock indices such as the Dow, Nasdaq, and S&P 500. The Fed noted that inflation remains elevated but removed previous language suggesting progress towards its 2% target. Nvidia's shares plummeted over 4% amidst reports of potential export curbs on its chips by the Trump administration, contributing to the broader weakness in tech stocks, as several major companies including Tesla, Meta, and Microsoft reported earnings that fell short of expectations.
Source: YAHOO