Major U.S. indices ended the session lower, with the Dow Jones Industrial Average falling 2.19% to 51,594.14, the S&P 500 declining 1.52% to 7,316.15 and the Nasdaq shedding 1.74% to 24,442.94 The Federal Reserve kept its benchmark interest rate unchanged at 3.50%–3.75% for a fifth consecutive meeting, although three policymakers dissented in favor of a 25-basis-point hike, reflecting growing concern over persistent inflation.
Following the decision, markets increased expectations for a September rate hike, while Treasury yields fell, the U.S. dollar weakened, gold rose and major U.S. stock indexes pared their initial gains.
These are the top stocks that gained the attention of retail traders and investors through the day.
Meta Platforms (NASDAQ:META) Meta Platforms shares fell 1.31% to $585.61, trading between an intraday high of $599.97 and a low of $582.22; the stock remains well below its 52-week high of $796.25 and above its 52-week low of $520.26.
In extended trading, Meta stock crashed 7.45% to $542.
