Market Report - US Close

US close: Stocks drop after hawkish Fed outlook, bond yields jump

By Benjamin Chiou

Date: Wednesday 17 Jun 2026

(Sharecast News) - US stocks fell sharply and bond yields jumped on Wednesday as investors digested a hawkish outlook from the Federal Reserve, despite the central bank holding interest rates unchanged as expected.
The Dow, which hit a record closing high of 51,999.67 on Tuesday, fell 0.98%, while the S&P 500...

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