Stocks Slide After New Fed Chair Hints at Higher Rates

The central bank holds its benchmark rate steady, as expected. Plus: SpaceX shares decline after three straight days of gains. However, the rocket maker is still the Nasdaq’s most actively traded stock by dollar volume. Alexis Green hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.