The Federal Reserve's "hawkish" stance has reduced the expected interest rate cuts for next year. After a sharp decline in the U.S. stock market on Wednesday, the three major indices struggled to rebound on Thursday, opening high but then falling. The Dow Jones, which tumbled 1,100 points yesterday, rebounded by 460 points in the early session but later lost momentum, ending slightly up by 15 points at 42,342, halting a ten-day losing streak.

The S&P 500 Index closed down 5 points or 0.1% at 5,867 points; the Nasdaq dropped from an increase of nearly 1% to a fluctuating loss of 19 points or 0.1%, closing at 19,372 points.

Technology stocks showed mixed results. NVIDIA (NVDA.US) and Amazon (AMZN.US) both rose over 1%, while Tesla (TSLA.US), which had rebounded more than 3%, ended the day down 0.9%. Alphabet (GOOG.US) and Meta (META.US) fell by less than 1%. Apple (AAPL.US) rose by 0.7%.

Micron Technology (MU.US) provided a weak revenue guidance for this fiscal quarter, resulting in a 16% drop in its stock price.