The Federal Reserve's interest rate hike announcements have the potential to cause significant volatility in the stock market.
The last rate hike, on Dec. 14, 2022, when the Fed issued a 50-basis point hike, led to fluctuations in the stock market, with the broad S&P 500 (NYSE:SPY) losing 2.49% between Dec. 14, and Dec. 15.
The top moving stocks, both gainers and losers, of that day were affected by the news.
Read also: U.S. Stocks On Track For Nervous Start As Traders Go Fed Watching
On Wednesday, the Fed is expected to announce another rate hike, causing traders and investors to closely watch the market for any signs of turbulence.
While most of these stocks moved to the downside, here were the top movers from Dec. 14 through Dec. 15, according to data from Benzinga Pro.
| Company | Ticker | +/- Change Dec. 14 - Dec. 15 |
| Roblox Corp | RBLX | -15.76% |
| OneConnect Financial | OCFT | -13.01% |
| AMTD Digital Inc | HKD | -11.94% |
| Super Micro Computer, Inc. | SMCI | -10.51% |
| Western Digital Corp | WDC | -10.1% |
| Celldex Therapeutics, Inc. | CLDX | +10.04% |
| Zurn Elkay Water Solutions | ZWS | -9.95% |
| Nucor Corporation | NUE | -9.35% |
| Unity Software Inc | U | -9.35% |
| Claros Mortgage Trust Inc | CMTG | -9.18% |
| Bill.com Holdings | BILL | -8.96% |
| Warner Bros Discovery Inc | WBD | -8.93% |
| Southwest Gas Holdings | SWX | -8.86% |
| TAL Education Group | TAL | +8.85% |
| Paramount Global | PARA | -8.78% |
| Spotify Technology | SPOT | -8.77% |
| Netflix Inc | NFLX | -8.63% |
| Krispy Kreme Inc | DNUT | -8.53% |
| Bilibili Inc | BILI | -8.5% |
| Alight Inc | ALIT | -8.24% |