Stocks tumbled on Wednesday after Kevin Warsh’s first press conference as chairman of the Federal Reserve. Warsh said he wasn’t concerned with the market’s reaction to his debut, which is for the best, given the Dow Jones Industrial Average slid 1% while the S&P 500 fell 1.2% and the Nasdaq Composite lost 1.3%. Interest rate increases are one of Wall Street’s concerns, and those seem to be on the table, potentially as soon as this fall, opines Capital Economics’ Chief North America Economist Stephen Brown.
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Wall Street eyed the odds of Hormuz reopening after the interim US-Iran peace deal went into effect, and weighed signs the Fed is starting to lean toward a rate hike.
Wall Street eyed the odds of Hormuz reopening after the interim US-Iran peace deal went into effect, and weighed signs the Fed is starting to lean toward a rate hike.
Wall Street eyed the odds of Hormuz reopening after the interim US-Iran peace deal went into effect, and weighed signs the Fed is starting to lean toward a rate hike.
Wall Street eyed the odds of Hormuz reopening after the interim US-Iran peace deal went into effect, and weighed signs the Fed is starting to lean toward a rate hike.
US stock futures edged up as Wall Street digested the interim peace deal between the US and Iran as well as the latest Federal Reserve decision on interest rates.

<body><p>STORY: U.S. stocks ended lower on Wednesday, as the Dow dropped about 1%, the S&P 500 shed 1.2% and the Nasdaq slid about one-and-a-third percent. </p><p>Kevin Warsh held his first press conference as Federal Reserve Chair on Wednesday after the central bank wrapped its June policy meeting. The Fed left interest rates unchanged, as expected, but new projections showed nine central bank officials expect at least one rate hike by the end of 2026. </p><p>Warsh himself did not submit an interest-rate-path projection, noting that the central bank would scale back on offering forward guidance. </p><p>Brian Mulberry is chief market strategist at Zacks Investment Management.</p><p>"The market's just kind of digesting, I think, a lot of this right now, as we all probably need to sleep a couple of nights on this and figure out what's going to happen next. But I think what you're going to find out is that the Fed is just going to come back to providing stable monetary policy over a long period of time and stop trying to forecast so much what's going to happen month to month, meeting to meeting, and where interest rates should go is simply down to around 2.5 or 3.5%, stay there, so that inflation can be about 2 to 2.5% over a long period of time."</p><p>::Archive</p><p>Meanwhile, oil prices edged back up on Wednesday after President Donald Trump said the agreement with Tehran on the Iran war was not final and that the conflict could resume if he is unsatisfied.</p><p>Among individual stock moves, CME Group slipped about 3.5% after the exchange operator said its CEO will step down on March 1 and transition to the role of executive chairman.</p><p>And shares of Allbirds soared 39% after the footwear maker-turned-AI company changed its name to Smartbird and appointed former Amazon executive Nadia Carlsten as CEO.</p></body>
VICI Properties Inc. (VICI) concluded the recent trading session at $27.23, signifying a -2.78% move from its prior day's close.
American Tower (AMT) concluded the recent trading session at $181.09, signifying a -1.83% move from its prior day's close.
In the latest trading session, Garmin (GRMN) closed at $231.89, marking a -1.31% move from the previous day.
In the latest trading session, Itron (ITRI) closed at $79.26, marking a -2.27% move from the previous day.
In the most recent trading session, Kinsale Capital Group, Inc. (KNSL) closed at $309.22, indicating a -1.11% shift from the previous trading day.
Dow Inc. (DOW) closed the most recent trading day at $32.5, moving 1.4% from the previous trading session.
In the most recent trading session, Trip.com (TCOM) closed at $46.73, indicating a +1.07% shift from the previous trading day.
Wix.com (WIX) closed the most recent trading day at $42.05, moving 5.6% from the previous trading session.
In the latest trading session, Southern Co. (SO) closed at $92.53, marking a -1.89% move from the previous day.
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In the closing of the recent trading day, Vertex Pharmaceuticals (VRTX) stood at $458.99, denoting a +1.28% move from the preceding trading day.
In the latest trading session, Tyson Foods (TSN) closed at $56.2, marking a -1.82% move from the previous day.
The latest trading day saw Sunoco LP (SUN) settling at $62.82, representing a -1.13% change from its previous close.
Gladstone Commercial (GOOD) reached $12.01 at the closing of the latest trading day, reflecting a -2.64% change compared to its last close.
Stocks suffered broad, sharp losses on rate hike bets after the first Warsh Fed meeting. SpaceX fell for the first time while Robinhood jumped.
(Updates with index/price moves, FedWatch outlook, macro data, and political/company news from the f
The Dow Jones Industrial Average fell from record highs Wednesday as markets reacted to the Federal
US equity indexes were lower on Wednesday as government bond yields rose and the Federal Reserve ann
U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation. The S&P 500 slumped 1.2% Wednesday after the Fed released projections showing nearly half its policymakers foresee at least one increase to its main interest rate this year. The Dow Jones Industrial Average went from a gain of 0.5% in the morning to a drop of 1%, while the Nasdaq composite sank 1.3%.

US stocks (^DJI, ^IXIC, ^GSPC) ended Wednesday's session in negative territory after Federal Reserve officials unanimously voted to hold interest rates at their June FOMC meeting today, while also forecasting at least one possible rate hike ahead. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the trading day's market reactions to the Fed's big decision. This was Kevin Warsh's first FOMC meeting he presided over as the new chairman of the Fed.
Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) dropping below the $65,000 level. The