Fed Holds, Dow Crashes 1,153: Why “No Hike” Wasn’t Relief [NRurRUSxzHE]
The Federal Reserve held interest rates steady, but Wall Street received little reassurance. The Dow dropped more than 1,150 points, the S&P 500 fell 1.5%, and the Nasdaq declined 1.7% as oil surged, long-term Treasury yields climbed, and technology stocks weakened. Three Fed officials preferred a rate hike. Meanwhile, Brent crude jumped above $88 after renewed fighting involving Iran raised concerns about global oil supplies and another inflation wave. After the close, Microsoft demonstrated that major A I spending can produce measurable returns as Azure grew 43%. Meta delivered strong revenue growth, but sharply higher expenses and collapsing free cash flow produced a very different reaction. Thursday brings second-quarter GDP, PCE inflation, and earnings from Apple and Amazon. Friday brings the Employment Cost Index, an important measure of wage pressure. Subscribe to Market Brief with Maya for clear daily explanations of markets, macroeconomics, interest rates, inflation, earnings, and sector rotation. Market news and education only. Not financial advice. #StockMarket #FederalReserve #DowJones #OilPrices #Microsoft #Meta #TreasuryYields #Inflation #TechStocks #MarketBriefWithMaya Topics: stock market today, Federal Reserve decision, Dow drops 1153 points, S&P 500 today, Nasdaq selloff, oil prices, Iran conflict, Treasury yields, Microsoft earnings, Azure growth, Meta earnings, PCE inflation, GDP report, Apple earnings, Amazon earnings, Employment Cost Index, technology stocks, market outlook