{"slug": "stocks-fall-after-new-fed-chair-warshs-first-policy-meeting-as-traders-worry-a", "title": "Stocks fall after new Fed Chair Warsh’s first policy meeting as traders worry about a rate hike", "summary": "Stocks fell after the Federal Reserve's first policy meeting under new Chair Kevin Warsh, as a hawkish dot plot signaled a potential rate hike this year. The S&P 500, Nasdaq 100, and all Magnificent 7 stocks declined, with every sector in the red.", "body_md": "# Stocks fall after new Fed Chair Warsh’s first policy meeting as traders worry about a rate hike\n\nWhile the Fed left rates unchanged (as expected) a hawkish dot plot has traders bracing themselves for a rate hike this year.\n\nThe Federal Reserve voted to keep rates unchanged at a range of 3.5% to 3.75%, as was universally expected. However, stocks dropped as the release removed any hints of an easing bias and [the Fed’s dot plot came out on the hawkish side](https://sherwood.news/markets/federal-reserve-fomc-june-2026-rate-decision-kevin-warsh/).\n\nThe S&P 500, Nasdaq 100, Russell 2000, and every Magnificent 7 stock traded lower. Every S&P 500 sector fell, with communications leading losses.\n\n**Stocks that moved higher:**\n\n[Allbirds](https://robinhood.com/us/en/stocks/BIRD/?source=sherwood)surged as its AI pivot continued to pay off, with the company[announcing a corporate name change and new CEO hire](https://www.cnbc.com/2026/06/17/allbirds-bird-ai-smartbird-ceo.html).[Figma](https://robinhood.com/us/en/stocks/FIG/?source=sherwood)climbed after[Citi initiated coverage with a Buy rating and a $36 price target](https://sherwood.news/markets/figma-rises-on-citis-buy-rating-and-36-price-target/).\n\n**Stocks that moved lower:**\n\n[CarMax](https://robinhood.com/us/en/stocks/KMX/?source=sherwood)fell despite beating on earnings and revenue, but reported[reported margin pressure and falling per-unit gross profit](https://www.cnbc.com/2026/06/17/carmax-kmx-q1-earnings.html).[Carvana](https://robinhood.com/us/en/stocks/CVNA/?source=sherwood)also fell on the news.[Snap](https://robinhood.com/us/en/stocks/SNAP/?source=sherwood)fell after unveiling[“Specs,\" a $2,195 pair of augmented reality glasses](https://www.cnbc.com/2026/06/16/snap-unveils-2195-specs-ar-glasses-spiegel-bets-on-post-smartphone.html), raising questions about consumer demand at that price point.", "url": "https://wpnews.pro/news/stocks-fall-after-new-fed-chair-warshs-first-policy-meeting-as-traders-worry-a", "canonical_source": "https://sherwood.news/markets/market-wrap-2026-06-17-sp500-qqq/", "published_at": "2026-06-17 20:02:21+00:00", "updated_at": "2026-06-17 20:31:38.879621+00:00", "lang": "en", "topics": ["ai-products", "ai-startups"], "entities": ["Federal Reserve", "Kevin Warsh", "S&P 500", "Nasdaq 100", "Allbirds", "Figma", "CarMax", "Snap"], "alternates": {"html": "https://wpnews.pro/news/stocks-fall-after-new-fed-chair-warshs-first-policy-meeting-as-traders-worry-a", "markdown": "https://wpnews.pro/news/stocks-fall-after-new-fed-chair-warshs-first-policy-meeting-as-traders-worry-a.md", "text": "https://wpnews.pro/news/stocks-fall-after-new-fed-chair-warshs-first-policy-meeting-as-traders-worry-a.txt", "jsonld": "https://wpnews.pro/news/stocks-fall-after-new-fed-chair-warshs-first-policy-meeting-as-traders-worry-a.jsonld"}}