US stock market mixed today: Dow jumps, S&P and Nasdaq drop as big Fed rate cut decision nears; Nvidia, Tesla, Oracle and Workday lead market moves
US stock market traded mixed on Wednesday, with investors firmly in wait-and-see mode ahead of the Federal Reserves policy announcement that could usher in the first interest rate cut of 2025. The Dow Jones Industrial Average (^DJI) climbed 253 points, or 0.55%, to 46,011 by midday. The S&P 500 (^GSPC) eased 0.1%, while the Nasdaq Composite (^IXIC) lost more than 0.5% as weakness in major technology names dragged on the index. Investors are closely watching as the Federal Reserve prepares to announce its first interest rate cut of 2025.
US stock market traded mixed on Wednesday, with investors firmly in wait-and-see mode ahead of the Federal Reserves policy announcement that could usher in the first interest rate cut of 2025. The Dow Jones Industrial Average (^DJI) climbed 253 points, or 0.55%, to 46,011 by midday. The S&P 500 (^GSPC) eased 0.1%, while the Nasdaq Composite (^IXIC) lost more than 0.5% as weakness in major technology names dragged on the index. Investors are closely watching as the Federal Reserve prepares to announce its first interest rate cut of 2025.
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