The rally after the Fed decision fizzled out on the second trading day
The US stock market on Thursday, after a rally on Wednesday, continued to respond with a slight increase in the Fed's decision to move to curb inflation and raise rates. The Dow Jones Industrial Average rose 150 points after the opening of trading and approached a historical high, the S&P 500 rose within 0.2%, but the Nasdaq 100 fell 0.7%. Tech companies lagged behind sectors that, in previous cycles, have benefited from Fed tightening, notes CNBC .