FOMC Aftermath: Dow Up, Nasdaq Tumbles as Market Digests Hawkish Cut
The Federal Reserve delivered its first interest rate cut of 2025, but the celebration on Wall Street was short-lived and selective. After a volatile session digesting the Fed's complex message, the U.S. markets closed mixed, with a clear divergence between tech and industrial stocks. 📈 U.S. Market Close Recap (Sept. 17) ☑ Dow Jones: +0.2% (Closed at 34,717.63) ☑ S&P 500: -0.7% (Closed at 4,467.78) ☑ Nasdaq: -1.1% (Closed at 13,712.94) ☑ 10-Year Treasury Yield: Rose to 4.38% ☑ U.S. Dollar Index (DXY): Rose 0.3% The bottom line: The "hawkish cut" spooked tech investors, sending the Nasdaq tumbling while the dollar and bond yields climbed higher. Key Takeaways ☑ The Fed cut the benchmark rate by 25 basis points to a 4.00%-4.25% range, as widely expected. ☑ However, the vote was not unanimous (11-1), with Governor Stephen Miran dissenting in favor of a larger, 50-basis-point cut. ☑ The market's negative reaction was triggered by the...