Wall Street Closes Lower Following Fed’s Policy Decision

The New York Stock Exchange (NYSE) finished lower on Wednesday, following the Federal Reserve’s decision to maintain interest rates at a historic low level near 0%.

The marker is also anticipating today’s speech by President Joe Biden in front of a joint session of Congress.

Facebook shares continued to rise in extended trading approaching a record high, after the social media company recorded $26.2 billion earnings, rising by 48%.

Meanwhile, Apple also reported a better than expected growth in revenues, with a net income reaching $23.6 billion, and quarterly revenues reaching $89.6 billion from $58.3 billion.

The Dow Jones Industrial Average lost 164.55 points, or 0.48%, to close at 33,820.38 points.

The S&P 500 declined by 3.54 points, or 0.08%, to finish at 4,183.18 points, while the Nasdaq Composite Index settle at 14,051.03 points, losing 39.19 points, or 0.28%.