Equity Markets Mixed as Fed Keeps Rates Unchanged

03:44 PM EDT, 06/18/2025 (MT Newswires) -- US benchmark equity indexes are on track to close mixed on Wednesday after the Federal Reserve keeps interest rates unchanged and Chair Jerome Powell said

the effects of US tariffs on inflation are likely to be seen in the coming months.

The Nasdaq Composite increased 0.3% to 19,576.95, the S&P 500 gained 0.2% to 5,994.27, and the Dow Jones Industrial Average eased 0.1% to 42,165.22. Among sectors, consumer discretionary led the gainers, and energy posted the steepest decline.

Coinbase (COIN) shares jumped 16%, the top gainer on the S&P, and Circle Internet (CRCL) surged 30%. The US Senate passed the Genius Act, a bill establishing a federal regulatory framework for dollar-backed stablecoins used in payments. The legislation passed with a 68-30 vote and now moves to the House.

Mastercard (MA) shares fell 5.7%, the biggest drop on the S&P, and Visa (V) declined 4.9%, the second-largest decline.

TKO Group (TKO) shares rose 5.6%. Citigroup raised the price target on the stock to $200 from $170 and maintained its buy rating.

The 10-year US Treasury yield was up 0.1 basis point to 4.39%, while the two-year rate decreased 1.9 basis points to 3.94%.

August West Texas Intermediate crude oil fell 0.3% to $73.08 a barrel.

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