FX.co ★ Wall Street Dips as Fed-Driven Rally Fades

U.S. equities experienced a decline on Thursday as trade concluded, surrendering some of the previous day's gains. This movement came as investors reevaluated the economic risks in light of the Federal Reserve's anticipated responses to inflationary pressures and diminishing growth. Specifically, the S&P 500 fell by 0.2%, the Nasdaq 100 decreased by 0.3%, and the Dow closed slightly down. Investor sentiment remains cautious after the Federal Reserve decided to maintain current interest rates but simultaneously revised its inflation forecast upward and adjusted its economic growth expectations downward. Fed Chair Jerome Powell attempted to soothe investors by describing inflation driven by tariffs as "transitory," though anxiety persists. Further contributing to market uncertainty was President Trump's increased pressure on the Fed to reduce interest rates, heightening expectations of potential market instability. Among individual sectors, Broadcom led semiconductor stocks lower with a 2% decline, while Accenture saw a significant drop of 7.4%. Upcoming earnings reports from Micron and Nike are anticipated following the market close.