Dow Jones: 17,640.17; -34.65; -0.20%
S&P 500: 2,071.50; -3.82; -0.18%
Nasdaq: 4,834.93; -8.62; -0.18%
The Dow Jones Industrial Average was up roughly 60 points in the final minutes of trading, but slumped quickly into the red at the close of the trading session. A swift, brutal sell-off sent energy and healthcare stocks into the red, while financials barely clung to small gains.
The Fed held off on raising interest rates this month as markets and the U.S. economy anticipate the worst from the upcoming vote by citizens in the United Kingdom on whether to start the process of a "Brexit." According to a statement released by the Fed Open Market Committee, fewer members of the central bank now anticipate more than one interest rate hike in 2016. Eleven of the 17 members are still calling for more hikes, but the decrease by five members shows the diminishing expectations by members of the central bank on the global economy and the resilience of the markets at home.
Asia markets opened mixed on Thursday, with Japanese stocks falling behind their peers due to renewed yen strength against the dollar on the back of the Fed's rates call.
Australia's benchmark ASX 200 was up 0.77 percent, with most sectors trading up.
In Japan, the Nikkei 225 was down 0.80 percent as the yen dropped to 105.61 against the dollar in early morning trade, compared to levels around 106.25 on Wednesday afternoon local time. Across the Korean Strait, the Kospi traded near flat.
Reference: Money Morning, CNBC
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