U.S. stocks decline ahead of Fed rate decision, S&P 500 hits 8-month closing low

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STX
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Fed news pushed U.S. stocks lower on September 16, 2026, with the S&P 500 reaching an 8-month closing low. The Dow fell 0.63%, the Nasdaq dropped 0.78%, and the S&P 500 declined 0.45%. The Fear & Greed Index indicated heightened caution. In the semiconductor sector, Seagate (STX) fell 4.10%, Western Digital (WDC) dropped 3.50%, and SanDisk (SNDK) declined 1.30%. Micron (MU) rose 0.39%, and NVIDIA (NVDA) gained 0.57%. Marvell Technology (MRVL) increased 1.32%, while Ciena (CIEN) climbed 4.60%. The Pure Photonics ETF (FOTO) fell 0.06%.

Huo Xing Finance reports that on September 16, according to BIT (bit.com) market data, ahead of the Federal Reserve’s interest rate decision, markets showed little movement: the Dow Jones closed down 0.63%, the Nasdaq down 0.78%, and the S&P 500 down 0.45%, marking its lowest close since August. In the U.S. semiconductor and memory sector: Seagate Technology (STX) fell 4.10%; Western Digital (WDC) fell 3.50%; SanDisk (SNDK) fell 1.30%; Micron Technology (MU) rose 0.39%; NVIDIA (NVDA) rose 0.57%; Intel (INTC) fell 0.05%; Advanced Micro Devices (AMD) rose 2.19%; Broadcom (AVGO) fell 1.58%. In the optical communications sector: the Pure Photonics ETF (FOTO) fell 0.06%; Marvell Technology (MRVL) rose 1.32%; AAOI (Applied Optoelectronics) fell 0.49%; Lumentum Holdings (LITE) rose 0.47%; Coherent Corp. (COHR) rose 1.75%; Ciena Corporation (CIEN) rose 4.60%; Fabrinet (FN) fell 2.00%; AXT Inc. (AXTI) rose 1.12%; Nokia (NOK) rose 1.97%.

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