Dow Jones Industrial Average fell 544.01 points, or 1%, on Wednesday after the Fed’s first rate hike in three years, raising the benchmark to 3.9%—the highest since 2023.
The S&P 500 slipped 0.5%, while the Nasdaq Composite hovered near the flatline, with financial‑sector shares leading the decline.
Foreign institutional investors continued to net sell Indian equities, offloading shares worth ₹2,032.61 crore according to provisional exchange data.
Oil prices surged amid fresh supply threats from Saudi Arabia and Libya, adding to losses already stemming from the Iran war.
Investors will track a batch of key U.S. economic data on Thursday, including August housing starts, the September Philadelphia Fed Business Outlook Survey, weekly jobless claims, and August pending home sales, all due at 8:30 a.m. ET.
With the Fed’s policy tightening and upcoming data releases, markets remain poised for volatility; traders will watch for any shift in the Fed’s stance or housing market signals.