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Stock Market Today: Stocks Struggle After Big Fed Gains

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  A solid reading on home sales helped limit the downside for stocks. Indeed, data from the National Association of Realtors showed existing home sales rose 4.2% month over month in February to a seasonally adjusted rate of 4.26 million. Year over year, sales were down 1.2%.

The article from Kiplinger discusses the stock market's performance following a significant rally after the Federal Reserve's latest meeting. Despite initial gains, stocks struggled as investors grappled with mixed economic signals. The S&P 500, Dow Jones Industrial Average, and Nasdaq all experienced fluctuations, with the market reacting to the Fed's decision to maintain interest rates and its indication of potential future rate hikes to combat inflation. Key points include a drop in consumer confidence, a slight increase in jobless claims, and ongoing concerns about inflation and economic growth. Additionally, the article touches on sector-specific news, such as the impact of oil prices on energy stocks and the performance of tech giants like Apple and Microsoft, which saw declines after early gains. The overall sentiment was one of caution, with investors digesting the Fed's hawkish stance and its implications for future market movements.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-struggle-after-big-fed-gains ]