Nasdaq 100 Enters Correction, S&P 500 Falls After Fed Decision

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AI Fusion Summary

The Nasdaq 100 entered correction territory and the Dow sank over 1,100 points after the Federal Reserve maintained current interest rates. Market declines were exacerbated by AI-related chip stocks prior to Microsoft and Meta Platforms quarterly reports. While the Fed refrained from rate hikes, three dissents indicated support for tighter monetary policy, contributing to the broader stock market downturn and pushing the S&P 500 lower during the trading session.
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