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🇹🇼 Taiwan /Economy & Trade

Fed's hawkish stance sends US stocks lower

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • U.S. stock markets declined significantly as the Federal Reserve maintained interest rates but signaled potential for a year-end hike.
  • The Dow Jones Industrial Average fell 507.12 points, the S&P 500 dropped 91.25 points, and the Nasdaq Composite decreased by 354.69 points.
  • The Philadelphia Semiconductor Index was an exception, closing higher by 182.85 points.

U.S. stock markets experienced a broad downturn, with all three major indices closing lower on June 18, 2026. The decline followed the Federal Reserve's decision to keep interest rates unchanged but also released projections indicating a possible rate increase before the end of the year.

The Dow Jones Industrial Average saw a substantial drop of 507.12 points, or 0.98%, to close at 51,492.55. The S&P 500 index also suffered a significant loss, falling 91.25 points, or 1.21%, to settle at 7,420.10. The Nasdaq Composite index mirrored this trend, closing down 354.69 points, or 1.34%, at 26,021.66.

In contrast to the broader market's performance, the Philadelphia Semiconductor Index bucked the trend, registering a gain of 182.85 points, or 1.38%, to finish at 13,477.07. The U.S. dollar also strengthened during the trading session.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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