The S&P 500 fell 0.5%, about where it was before the 2 p.m. Fed announcement. The 10-year Treasury is at 4.56%, up a fraction for the day after initially popping on
U.S. stocks are paring their earlier losses as Fed Chair Jerome Powell kicks off Wednesday's press conference with his prepared remarks. Both the Dow and S&P 500 bounced off of session lows, and the Nasdaq also climbed.
Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.
The S&P 500 ( ^GSPC) gained 0.5%, while the Dow Jones Industrial Average ( ^DJI) rose nearly 0.4%. The tech-heavy Nasdaq Composite ( ^IXIC) was up nearly 0.3%.
The Dow, S&P 500 and Nasdaq fell Wednesday as the stock market reacted to the Fed's latest rate decision and earnings from Big Tech.