[Breaking] September FOMC Signals Further Tightening... New York Stock Market Closes Lower
On the 16th (local time), all three major U.S. stock indices closed lower. As the Federal Reserve raised the benchmark interest rate by 0.25 percentage points at the September Federal Open Market Committee (FOMC) meeting and signaled further tightening, investor sentiment toward risk assets weakened.
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On the New York Stock Exchange (NYSE) that day, the Dow Jones Industrial Average closed down 1.21% from the previous trading session. The S&P 500 index, which centers on large-cap stocks, fell 0.45%, while the Nasdaq index, focused on technology stocks, ended the session down 0.01%.
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