Fed influence spills over to US stocks and ETFs: Wednesday's winners and losers revealed

The Federal Reserve raised interest rates by 0.25 percentage points at its July meeting on Wednesday, taking rates to a range of 5.25% to 5.5 %, the highest level since February 2001.

The market initially reacted positively after the release of the FOMC statement, but then came under negative pressure during Fed Chairman Jerome Powell's press conference.< /p>

Using the "movers" feature on the Benzinga Pro platform, we focused on last-minute moves for companies with a market capitalization of at least $10 billion. dollars and found the following top gainers and top losers.

5 Stock Gainers on Fed Rate Hike, Powell's Remarks: Meta Data Ltd. UIA: +1.5% Snap, Inc. SNAP: +1.3% Alexandria Real Estate Equities, Inc. ARE: +0.99% Bruker Corp. BRKR: +0.98% Paramount Corp. PARAA: +0.8% 5 losing stocks on Fed rate hike, Powell's remarks: Sirius XM Holdings Inc. SIRI: -2.5% Teledyne Technologies Inc. TDY: -1.6% Cigna Group CI: -1.6% Advanced Micro Devices, Inc. AMD: -1.5% Bank Bradesco SA BBDO: -1.3%. Major ETFs move after Fed interest rate call

The SPDR Dow Jones Industrial Average ETF DIA rose 0.3% in the two hours following the FOMC statement. The Dow Jones index closed its 13th consecutive positive session, a post-war record.

The iShares Russell 2000 IWM ETF rose 0.6% after the Fed announcement.

SPDR Gold Trust GLD, the largest exchange-traded fund that tracks gold prices, also rose nearly 0.3% following the report of the Fed.

The US dollar reacted negatively to the July Fed meeting. The Invesco DB USD Index Bullish Fund ETF UUP fell 0.3%.

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