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Dow Drops 1,153 Points in Worst Day Since April as Fed Holds Rates Steady
An 800-point intraday slide became a 1,153-point rout after the Fed held rates at 3.5%-3.75% over three dissents, with oil up and AI stocks down.
Ano ang una nating nalaman
- Dow closed down 1,153.18 points, or 2.19%, worst day since April 2025, with S&P at 7,316.15.
- FOMC held rates at 3.5%-3.75% on July 29, 2026.
- Three officials dissented for a quarter-point hike after a cliffhanger meeting.
Bukas pa noon
- No verified detail on the Fed chair's private communication style beyond the public dissent and press conference accounts.
- No confirmed forward path for rates or for oil and AI stocks after the close.
Ang sinabi naming babantayan
- Whether bond-market doubts about inflation resolve or deepen after Warsh's pledge.
- Whether tech earnings stabilize the Nasdaq 100 after its 11% slide from the June peak.
