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We are not responsible for HKT's privacy or other data-related practices. Stock Market News From Sept. 16, 2026: Dow Sinks 630 Points After Fed Raises Rates Stocks took a sharp turn and ended Wednesday's trading session lower after the Federal Reserve delivered a quarter-point increase in interest rates. The Dow tumbled 1.2% or 630 points.
The S&P 500 dropped 0.4% and the Nasdaq Composite was flat, erasing the gains both indexes recorded earlier in the session. It wasn't the rate hike itself that sparked the selloff, but remarks from Chairman Kevin Warsh. Equities moved lower after Warsh categorized the rate increase as "removing a dose of accommodation." Stocks Reacted in a Funny Way to the Fed Rate Hike.
Here’s What Usually Happens. The market’s initial muted response stands out given how traders have typically reacted to the Fed’s policy shifts. Stocks rallied, countering the traditional narrative that rate hikes are bad for stocks.
Why Stocks Are Loving the Fed’s Rate Hike Even If Trump Hates It Nvidia looks like a bargain, OpenAI reveals 6 ‘concerning’ incidents, and more news to start your day.
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