Back-and-forth mood in equities ends with moderate losses | Forexlive

• S&P 500 down 24 points to 3995 (-0.6%)
• Nasdaq -0.8%
• Russell 2000 -0.6%
• DJIA -0.4%
• Toronto TSX Comp -0.5%

The initial reaction was strongly negative to the Fed statement and that briefly extended on Powell’s comments before a rebound. The bounce even led the indexes into positive territory briefly before sellers took over again. I don’t think we’ve seen the final word on that market’s reaction to the FOMC.