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US stocks retreat as Fed holds rates
Report on the U.S. Federal Reserve's decision to keep interest rates unchanged, despite opposition from three members, which helped reduce losses in the U.S. stock markets that were declining prior to the announcement. Major stock indices declined: the S&P 500 by 0.5%, the Nasdaq by 0.2%, and the Dow Jones by 1.4%. The context behind these expectations relates to pressure on chip company stocks, with semiconductor shares falling for the fifth consecutive time due to concerns over increased AI-related spending and challenges from Chinese competitors, despite some companies like SK Hynix posting higher profits. The market is awaiting earnings reports from major tech giants such as Microsoft and Meta, amid a contrast between strong revenues and declining chip sector stocks, with ongoing volatility continuing to impact market performance.
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