Dow Jones Closing Down 333.8 points on Wednesday

The VIX fear index started to creep up recently and then the Dow Jones Industrial Average (DJI - 26,864.27) explored a 562-point range, eventually closing down down 333.8 point on Wednesday.

Main reason, want to cut interest rate but not aggressive, wait and see attitude.

While the central bank issued a 25-basis-point rate cut and said it will end quantitative tightening measures two months early, Fed Chair Jerome Powell noted in a subsequent press conference today's move marked a "mid-cycle adjustment" -- a comment Wall Street assumed to be hawkish.