Stock Market Today, Sept. 16: Stocks Slip as Fed Raises Rates
Not only did the central bank increase interest rates, but there's also now a higher probability of another hike in October, today, Sept. 16, 2026.
Overview
The Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978, the S&P 500 (SNPINDEX:^GSPC) fell 0.45% to 7,551, and the Dow Jones Industrial Average (DJINDICES:^DJI) lost 1.21% to 51,462 as investors processed the first interest rate hike in three years.
Gold fell 0.67% to $4,263.91 as of U.S. market close, and the 10-year Treasury yield rose 0.03% to 5.02%. Industrials led session gains while energy and financial services lagged.
Details
Artificial intelligence (AI) stocks recovered slightly today as value buying helped stabilize tech markets following the Fed decision. Dell, Intel, and Nvidia all finished the day in the green. Intel gained on news reports of a potential chip deal with SK Hynix, though SK Hynix later clarified that no decisions have been made.
Source
Originally published at www.fool.com.