Live: ASX to open down as new Fed chair leaves rates on hold

live Markets live updates: ASX to open down as US Federal Reserve leaves interest rates on hold The ASX is set to open down this morning, with the US Federal Reserve deciding to keep interest rates on hold. It was the first meeting for new Fed Reserve chairman Kevin Warsh. Follow the day's market news in our blog. Disclaimer: this blog is not intended as investment advice. Live updates Thu 18 Jun 2026 at 6:59am Dow Jones and Nasdaq both down after US rates left on hold The Dow Jones Industrial Average has taken a hit as late-hour selling spread throughout stocks after the Federal Reserve announced no move on interest rates at its first meeting overseen by new Fed Chair Kevin Warsh. This morning, the Dow Jones Industrial Average was 51,492.55 down 0.98%. The Nasdaq was 26,021.66 down 1.35% Meanwhile, SpaceX marked its first drop as a publicly traded company on the stock market, as shares fell 5%. Earlier, the Dow was on track for a fifth straight rise. It also struck an all-time high for a third straight session. SpaceX, which trades on the Nasdaq, has now skidded 15% below its intraday high of 225.64, set on Tuesday. Thu 18 Jun 2026 at 6:49am Morning all Good morning. Alison Branley here with you this morning for the ABC news business blog. In week with good news for borrowers and motorists, now here's some extra cheerful tidings - at least for the US borrowers. The US Federal Reserve has voted to keep interest rates on hold for the fourth time this year. It was the first meeting presided over by new chair Kevin Warsh. But it's not all sunshine with the ASX expected to open down on the news. Let's sit back with a cuppa and unpack what it all means for you. Loading [Image text:] ASX BID STFE BD OFFE LAST STOCK 99 31.3034.90 ETHOUINGS 8.01050 UY STORY G002 0ANRTER01200.1400 ASX 002100.2200.21047 S0U0026008.0.028.2M .0.9000.9100.900 21 0.550ARPGL0.9751.0101.00025T 1086000500 FATFISH GRCUP 0.0070.0080.0082M SOPEANLTHL FBRLTO 0.018-0.0190.01910M 0.003C.005.1M FELIX.OE30 1001050.135 VEHEALHGROOO 0:0010.000 VEESMELSD 559T 184.0.081809 FAHOLDNGS 41504.3504270129 FOLDANCROP