Yesterday night India time before Fed interest rate decision this was the news in bloomberg.com
S&P 500 History Points to a Sharp Bounce After Fed Meeting
- S&P 500 index has tended to rally after decisions in past year
- Heavy short selling, low positioning may help relief rally
and see what has happened.
Here is what happened at US market after 75bps move
S&P 500 - 3,790 
(-1.71%)
DOW 30 - 30,184 (-1.70%)
Nasdaq - 11,220 (-1.79%)