The SkyNet StockBots held their ground until Fed Head Jerome Powell surprised the markets with a less than assuring statement about future interest rate cuts.

Fed Chairman Powell says rate move was a ‘midcycle adjustment,’

The SellBots jumped on the news, sending US stocks sharply lower within minutes of the statement. The DJIA plunged 334 points (1.2%) and the NASDAQ tanked 98 points (1.2%).

Stay tuned as the battle of the SkyNet StockBots continues.