Beijing, China - March 19, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Graphic showing changes of U.S. stocks indexes

FILE: New York City, New York, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
2. Various of New York Stock Exchange building, U.S. national flags

FILE: New York City, New York, USA - Nov 2022 (CGTN - No access Chinese mainland)
3. Various of NYSE trading floor, staff members, screens showing stock information

FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
4. Various of NYSE flags, pedestrians

FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
5. Various of U.S. Federal Reserve building, national flag of United States, flag of Federal Reserve atop building

FILE: Westbury, New York, USA - Aug 1, 2025 (CCTV - No access Chinese mainland)
6. Various of consumers shopping for goods, goods on shelves

FILE: Denver, Colorado, USA - Nov 2018 (CGTN - No access Chinese mainland)
7. Aerial shot of Amazon warehouse
8. Amazon warehouse park

FILE: California, USA - Date Unknown (CGTN - No access Chinese mainland)
9. Logo of Amazon

FILE: Philadelphia, Pennsylvania, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
10. U.S. national flag

FILE: New York City, New York, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
11. Various of pedestrians, traffic

FILE: New York City, New York, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
12. Various of buildings, boat sailing

U.S. stocks saw deep losses on Wednesday, as investors digested the Federal Reserve's latest policy decision and hotter-than-expected inflation data.

The Dow Jones Industrial Average fell 1.63 percent to 46,225.15, dropping to a new low for the year. The S and P 500 sank 1.36 percent to 6,624.7. The Nasdaq Composite Index shed 1.46 percent to 22,152.42.

All 11 primary S and P 500 sectors ended in the red. The consumer staples and consumer discretionary sectors led the laggards, losing 2.44 percent and 2.32 percent, respectively. The energy sector posted the narrowest decline, edging down by 0.16 percent.

The market sell-off followed the Fed's decision to maintain its benchmark interest rate in a target range of 3.5 percent to 3.75 percent.

"The implications of developments in the Middle East for the U.S. economy are uncertain," the Federal Open Market Committee said in a statement. "The Committee is attentive to the risks to both sides of its dual mandate." Despite the cautious tone, the Fed signaled that it still anticipates one interest rate cut this year.

Adding to the headwinds, the U.S. Bureau of Labor Statistics reported Wednesday that the producer price index, a measure of wholesale pipeline costs, increased by a seasonally adjusted 0.7 percent in February. The core index, which excludes volatile food and energy costs, rose 0.5 percent month on month.

The gloomy economic outlook weighed heavily on most sectors, with all of the "Magnificent Seven" tech giants closing lower, led by a 2.48-percent drop in Amazon.