“US Stock Market Update: Fed Raises Interest Rates, AMD Plummets, Intel Rises”

The major US stock indexes registered fractional discountsafter the Fed decided to increase interest rates by 25 basis points, as expected by analysts.

The Dow Jones fell 0.8% to 33,414 points, while the S&P500 lost 0.7% to 4,091 points. The Nasdaq was also in the red (-0.46% to 12,025 points).

Very bad day for AMD (-9.22% to $81.62), after the release of financial data for the first quarter of 2023.

On the rise, however, Intel (+2,96%).

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