Schwab Market Update
Schwab’s take on the markets offers an information-packed summary of each trading day's key results and statistics for investors.
The major indexes fell for a third straight day as an ongoing climb in Treasury yields and the prospects for another Fed rate hike unnerved investors.
Fed leaders concluded a two-day policy meeting by leaving interest rates unchanged, as expected, but signaled another rate increase later this year could be necessary.
Rising oil prices and Treasury yields weighed on the major indexes ahead of the Fed's rate decision Wednesday.