Stock markets remain mixed after the Fed raises interest rates to a 16-year high

Yahoo Finance markets reporter Ines Ferre joins the Live Show to discuss market sentiment after the Fed's decision to hike interest rates by another 25 basis points.

Video Transcript

- Let's check in on the market action right now. We're looking at a mixed picture. Actually, the Dow flipping into negative territory. S&P and NASDAQ, though, holding onto gains. Ines Ferre a closer look at the reaction to the decision. Ines.

INES FERRE: Yeah, Seana. I'm just taking a look right now. As you mentioned, the NASDAQ. I just want to show you on our YFi Interactive board. You can see some of the action here initially when this decision came out. Now, keep in mind that at first when the decision comes out, you see this reaction. Sometimes, it can be a little bit of a head fake at first. Also, a lot of the reaction to the market usually comes during the Powell presser. That's usually when we see a lot of the fireworks.

But just checking out the Treasury yields, we did see that the two-year note went down to 3.88%. Basically, the bond market seeing this sort of as a dovish statement. The two-year falling below 3.9%. Looking at the five-year, down 7 basis points at 3.4%. The 10-year note is down 5 basis points. And the 30-year down just four basis points.

Also checking out where we're at with the sectors and some of the movements there. You can see energy stocks are still off today. But you are looking at some of the defensive plays that are seeing some gains. Over on the NASDAQ 100, you can see some of the action there.

I do want to pull up crypto because a lot of times when we see this Fed decision, we see a little bit of a reaction here when it comes to crypto. And then just looking at commodities. I'm going to pull up what we have been seeing. WTI usually doesn't respond to these rate decisions. But gold, often, we do see a reaction here to gold. Gold right now up 4/10 of a percent.