It was cautious on the New York Stock Exchange's leading index ahead of the interest rate decision.
Immediately after the announcement, an expected decrease of 25 points in combination with only two - and not as previously four - interest rate cuts next year, the arrows turned downward and bright green numbers turned red.
The disappointment over the tightened interest rate path was visible across the board.
The technology-heavy Nasdaq composite index was hit the hardest, standing at minus 3.6 percent at closing. The broad S&P 500 index closed at minus 3 percent, while the Dow Jones industrial index fell for the tenth trading day in a row, minus 2.6 percent.
Among the biggest losers were electric car manufacturer Tesla, minus 9 percent, and chip manufacturer Broadcom, minus 8 percent.
In fact, all seven major technology giants, often referred to as "the magnificent seven" - Alphabet (minus 3.5 percent), Amazon (minus 4.6), Apple (minus 2.1), Meta (minus 3.6), Microsoft (minus 3.8), Nvidia (minus 1.1), and Tesla - took a hit.
