Stocks fell after the Federal Reserve cut its benchmark interest rate by a quarter-point, signaling one rate cut in 2026. The new target range for the federal funds rate is 4% to 4.25%. Policymakers cited a weakening labor market and moderating economic growth. Most Fed members expect two more cuts this year. The Fed’s “dot plot” suggests a slower pace of cuts than expected by the market. The market pulled back after an initial spike following the rate cut announcement. Among impacted stocks is monday.com (MNDY), down 18.4% since the beginning of the year.

monday.com’s shares are down 18.4% since the beginning of the year. The stock is trading 42.5% below its 52-week high of $327.92. Investors who bought $1,000 worth of monday.com shares at the IPO in June 2021 would now have an investment worth $1,054.

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