Markets briefly turned higher after the Fed policy decision, only to retreat following Fed Chair Powell’s press conference, where he emphasized elevated uncertainty and a data-dependent stance. However, a late-session boost came after reports that President Trump may rescind global chip export restrictions amid ongoing debate around AI-related controls. That headline sent semiconductor stocks sharply higher, lifting the broader indices with them.
Dow Jones Industrial Average: +284.97 points (+0.70%) to 41,113.97
NASDAQ Composite: +48.50 points (+0.27%) to 17,738.16
Shares of Apple closed down $-2.26 or -1.14% at $196.25. The low price extended to $193.25 before rebounding into the close
Shares of Alphabet fell $-11.85 or -7.26% at $151.38. The low price extended to $147.84
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