Bitget UEX Daily: Fed hikes rates, US stocks decline, and tech sector performance
The Federal Reserve raised interest rates by 25 basis points to 3.75-4.00%. US stock indices fell for the third consecutive day, with the Dow Jones under pressure. While AI infrastructure stocks like Lumentum and Coherent saw gains, major tech companies showed mixed results. In the crypto market, BTC and ETH saw slight gains over a 24-hour period, though market sentiment remains constrained by financing costs and valuation pressures.