What is the reaction of US stocks after Powell's statement?

<p>&nbsp;US stocks ended the trading session of New York (Wednesday) mixed following the Federal Reserve's (Fed) interest rate decision.</p><p><br /></p><p>As expected, the Fed increased interest rates by 25 basis points to a range of 5.25%-5.50% which is also a 22-year high.</p><p><br /></p><p>The Fed also left the 'door' open for more hikes, saying it would continue to review economic data to determine what level of additional policy measures might be appropriate.</p><p><br /></p><p>The central bank is also more positive about the prospects for the US economy which is no longer seen to be in recession, with Powell arguing that they could achieve a 'soft-landing'.</p><p><br /></p><p>Even so, the stock market failed to react significantly following the decision and the statement, seeing the S&amp;P 500 index close down slightly at 4,566.74 while the Nasdaq fell 0.4% to 15,499.26.</p><p><br /></p><p><br /></p><p>However, the Dow Jones Industrial index closed the New York session on a positive note, rising 0.23% to 35,520.13.</p><p><br /></p><p>Investors' focus will next turn to the release of US gross domestic product (GDP) data for the second quarter tonight.</p><p><br /></p><p>Meanwhile, Meta Platforms Inc jumped 7% following a better second-quarter report, with total quarterly revenue of $32 billion, an 11% year-over-year increase.</p><p><br /></p><p>Additionally, eBay fell 4.8% following a lackluster earnings report in the second quarter.</p><p><br /></p><p>Coca cola rose 1.29% after second-quarter results beat estimates, and its full-year earnings target was also raised.</p>