Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged
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The Dow, Nasdaq, and S&P 500 indices slipped as tech stocks led the market lower following the Federal Reserve's decision to keep interest rates unchanged. Nvidia's stock also fell.
January 31, 2025 | 9:45 pm
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The Nasdaq Composite index fell by about 0.5% as tech stocks led the market lower after the Fed's decision to keep interest rates unchanged.
The Nasdaq, being tech-heavy, was directly affected by the decline in tech stocks following the Fed's decision. The unchanged rates may have dampened investor enthusiasm for tech stocks.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Nvidia's stock fell as tech stocks led the market lower following the Federal Reserve's decision to keep interest rates unchanged.
Nvidia, being a major tech stock, was impacted by the broader decline in tech stocks following the Fed's decision to keep rates unchanged. This decision likely affected investor sentiment towards growth stocks like Nvidia.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80