U.S. stock markets experienced a decline following the Federal Reserve’s decision to maintain its primary interest rate, marking the end of a series of rate cuts that had been in place since September.

On Wednesday, the S&P 500 decreased by 0.5%. The Dow Jones Industrial Average saw a slight drop of 0.3%, while the Nasdaq composite also fell by 0.5%.

In the wake of the Fed’s announcement, Treasury yields remained fairly stable, suggesting that interest rates might remain unchanged for the foreseeable future. While lower interest rates can stimulate economic growth by making borrowing more affordable for individuals and businesses, they may also exacerbate inflationary pressures. Nvidia’s stock continued its downward trend, reflecting a tumultuous week prompted by DeepSeek’s pivotal changes in the AI sector.

The specific changes on Wednesday included:

The S&P 500 losing 28.39 points, or 0.5%, bringing it to 6,039.31.

The Dow Jones Industrial Average dropping 136.83 points, or 0.3%, down to 44,713.52.

The Nasdaq composite sliding 101.26 points, or 0.5%, to reach 19,632.32.

Additionally, the Russell 2000 index, which focuses on smaller companies, fell by 5.77 points or 0.3%, landing at 2,283.10.

Looking back over the week’s performance, the S&P 500 has fallen by 61.93 points or 1%. The Dow increased by 289.27 points or 0.7%. Meanwhile, the Nasdaq is down by 321.98 points or 1.6%, and the Russell 2000 fell by 24.64 points or 1.1%.

When examining the year-to-date performance, the S&P 500 shows an increase of 157.68 points or 2.7%. The Dow has risen by 2,169.30 points or 5.1%. The Nasdaq’s gain stands at 321.53 points or 1.7%, and the Russell 2000 has seen an increase of 52.94 points or 2.4%.