Points and Index

dow: Meanwhile, the Nasdaq Composite Index COMP, -0.16% fell 45.75 points, a loss of 0.6%, to 8,049.64 Though the S&P 500 index also set a new intraday high early Wednesday at 2,954.10, the index ended up posting its worst daily performance in more than a month, according to Market Watch. The Nasdaq rose 50.61 points to 8,146 at session highs, while the Dow was up as many as 96.48 points, to reach 26,689.39. How did major indexes performing The Dow Jones Industrial Average DJIA, -0.46% fell 162.77 points, to 26,430.14, a loss of 0.6%, while the S&P 500 index SPX, -0.21% fell 22.10 points, or 0.8%, to 2,923.73. Tuesday and Wednesday marked the first two-session slide for the Nasdaq since March 22 and 25, while the Dow had its worst day since April 9. While the Fed statement highlighted data showing that the rate of price inflation has fallen and remains under the central bank's 2% target, Powell stressed that he saw no strong case for expecting the central bank's next move to be a rate cut, investors in the fed funds futures market have predicted. What drove the market After perking up briefly following the announcement of the Fed's decision to leave the benchmark fed-funds rate at a range between 2.25% and 2.5%, stocks turned significantly lower during and after Powell's news conference. (news.financializer.com). As reported in the news.