The S&P/TSX Composite Index fell over 0.5% to trade near 35,500 on Wednesday after closing at a record high in the previous session, as investors assessed the Federal Reserve's latest policy decision. The Fed left interest rates unchanged, as expected, but three FOMC members favored a rate hike. Also, oil prices extended gains as tensions in the Middle East escalated following joint US-Saudi strikes in Iraq, fueling inflation concerns. Bond yields moved higher, pressuring banks and the broader index. RBC, TD Bank, BMO, CIBC, and Scotiabank each lost about 2%. In contrast, mining stocks rebounded alongside gold prices. Agnico Eagle and WPM gained about 1%, while Franco-Nevada rose 2%. Energy stocks also advanced on stronger crude prices, with Canadian Natural and Cenovus adding nearly 4% each. Cenovus also reported stronger second-quarter revenue and profit.