A Hawkish New Chapter at the Fed | Daily Market Recap

Your 3-minute daily market update - simplified for busy investors.

Today: New Fed Chair Warsh's first meeting signals rate hikes ahead as 9 of 18 officials now expect at least one increase this year, S&P 500 drops -1.2% to 7,420, Nasdaq falls -1% as Warsh cuts the Fed statement to 132 words and drops easing bias, Robinhood surges +10% on tokenized stock trading hopes, Broadcom +4.3% as JPMorgan dismisses Google chip delay fears, Meta drops -5.5% on weak morale and AI leader exit, Carvana crashes -10% on slowing sales, retail sales beat at +0.9%, and US-Iran peace deal signing expected within days.

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