Wall Street tumbles after Fed holds rates; Nasdaq down 11% from June high

Bullish Gator

Stocks fell sharply as the Fed kept rates unchanged; Nasdaq sits 11% below its June peak.

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What stands out

Wall Street closed sharply lower after the Federal Reserve held interest rates unchanged, and Reuters noted the Nasdaq index was roughly 11% below its June record high. That kind of reaction matters for Nasdaq, Inc. because a policy pause shifts attention from rate-path speculation to liquidity, trading volumes, and listings, the very revenue streams the firm collects fees on. The clip is a reminder that even a bland Fed decision can create concentrated volatility for market operators and the exchanges that serve them.