Stocks Decline As Fed Holds Rates; Asian Markets Slide On Rate Worries

Traders work on the floor of the New York Stock Exchange (NYSE) on September 05, 2023, in New York City. The Dow Jones Industrial Average finished the day 0.22% lower, ending at 34,440.88 while the Nasdaq Composite fell 1.53% and ended the session at 13,469.13. SPENCER PLATT/GETTY IMAGES.

On Wednesday, September 20, the U.S. stock markets closed in red as the Federal Reserve opted to keep the federal funds rate from 5.25% to 5.5% during its September meeting.

Most S&P 500 sectors ended lower, with communication services and information technology sectors posting the largest losses, while consumer staples, utilities, and real estate sectors showed slight gains.