Evening Market Recap - Wednesday, 2-Nov

US equities finished lower in a volatile post-FOMC Wednesday afternoon, with the Dow Jones, S&P500, and Nasdaq closing down 155 basis points, 250 basis points, and 336 basis points respectively. Fed raised rates by 75 bp for a fourth straight time, taking the funds rate to 3.75-4.0%. Geopolitics headlines continue to be volatile though Russia agreed to rejoin the UN-backed grain export deal.