Stock Market Update
17-Jun-26 15:05 ET
Market moves lower in reaction to FOMC developments
Dow -108.11
at 51891.56,
Nasdaq -116.21
at 26281.12,
S&P -41.83
at 7469.52
[BRIEFING.COM] The S&P 500 (-0.5%), Nasdaq Composite (-0.5%), and DJIA (-0.2%) are back near session lows in reaction to the June FOMC decision, which leaned hawkish in its summary of economic projections and median Fed Funds projections.
Nine Fed officials now expect a rate increase by the end of 2026, of the eighteen forecasts submitted. Notably, new Fed Chair Kevin Warsh did not submit a projection.
