Stock Market Today: Dow Holds Thin Gains; These Stocks Get Bashed On Earnings (Live Coverage)

Robinhood shares slid Wednesday after the company reported earnings, making it one of the session's notable post-earnings casualties while the broader market held steady.

The earnings reaction landed on a day dominated by the Federal Reserve. The central bank held its key interest rate steady, and the Dow Jones Industrial Average trimmed its gains in response, finishing with only thin advances. The index had been higher earlier in the session before the Fed decision pulled it back.

Two named catalysts drove the tape: the Fed's rate hold and Robinhood's earnings report. The Fed's decision to leave rates unchanged capped the Dow's upside, while Robinhood's drop shows the market punishing the stock on its results rather than rewarding it. Interpretation: the muted index move suggests the rate hold was largely anticipated, while the Robinhood selloff looks stock-specific rather than a broad market signal.

Investor's Business Daily grouped Robinhood among the stocks "bashed on earnings" Wednesday, underscoring that earnings reactions, not macro policy, were the sharper source of volatility in individual names. With the Dow's gain narrowing after the Fed announcement, index-level momentum looked limited, leaving single-stock earnings reports as the main source of outsized moves.