The Federal Reserve announced that it would maintain the federal funds rate unchanged, and Powell hinted that there would be no rate cut in March. The three major U.S. stock indexes closed down collectively, with the Nasdaq down 0.51%, the S&P 500 down 0.47%, and the Dow down 0.31%. Nvidia closed down 4%, ASML closed up 4% after earnings, and Starbucks closed up 8% after earnings.