Finance

U.S. equities finished lower following the Federal Reserve's rate hike, with the Dow Jones Industrial Average dropping over 600 points. While major benchmarks like the S&P 500 declined, semiconductor and tech stocks showed resilience, helping the Nasdaq stay close to flat.

Crude oil prices remained highly volatile, fluctuating above $100 per barrel following supply disruptions at a major Saudi Arabian pipeline and ongoing tensions near the Strait of Hormuz. Although a surprise rise in U.S. crude inventories briefly cooled the market, prices hold near their highest levels since mid-May.

Digital assets faced significant downward pressure as the U.S. Senate failed to advance the regulatory CLARITY Act. This legislative gridlock, coupled with the Federal Reserve's decision to raise interest rates, triggered notable price drops for major cryptocurrencies including Bitcoin and XRP.