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Wall Street closes down sharply after Fed keeps rates unchanged

July 30, 2026
Source: nbcnews.com nbcnews.com
News Snapshot:
Wall Street ended sharply lower on Wednesday after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of ?quarterly reports from Microsoft and Meta Platforms and the Nasdaq 100 index marking an 11% drop from its June record high.The Fed’s widely expected ?decision to leave the benchmark interest rate in the 3.50%-3.75% range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee who “preferred” a quarter-percentage-point hike at this meeting.The benchmark S&P 500 hit its lowest level in a month, while the tech-heavy Nasdaq Composite index was...
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