Stock futures tick higher after Fed's hint of possible rate hike in 2026 spurs a sell-off: Live updates

The Dow Jones Industrial Average experienced a dramatic shift after hitting an intraday record high, closing more than 500 points lower following the Federal Reserve's suggestion of a potential rate hike in 2026. This unexpected market reaction highlights investors' concerns about the economic impact of future interest rate changes, which could affect borrowing costs and economic growth. The volatility underscores the market's sensitivity to monetary policy signals and its implications for both corporate earnings and consumer spending.