Flushing Financial Corporation (FFIC) saw its stock price decline by 4.74% on December 18, 2024, closing at $14.27, down from the previous day's close of $14.98. The stock opened at $15.15 and reached a high of $15.29 before dropping to a low of $14.04. The trading volume was significantly higher than usual, at 723,132 shares, more than three times the average daily volume. This decline was largely driven by broader market reactions to the Federal Reserve's recent interest rate decision. The Fed announced a quarter-point rate cut, bringing the target range to 4.25%-4.50%, but signaled a slower pace of future cuts, unsettling investors. This cautious outlook, combined with concerns over tariffs and a strong labor market, led to a significant drop in major indices, including a 2.9% fall in the S&P 500 and a 3.6% decline in the Nasdaq Composite. Financial stocks like FFIC were particularly impacted, as higher interest rates can constrain earnings growth in the sector.