US Stock Market Update: Nasdaq Hits 5th Record, Dow Declines Ahead of Fed Decision

Reported about 13 hours ago

On Friday, US stocks closed mixed as the Nasdaq Composite reached its fifth consecutive record, boosted by tech stocks like Tesla, while the Dow Jones fell 0.6%. Investors are cautiously optimistic ahead of the Federal Reserve's interest rate decision, as recent economic data indicates labor market weakness and inflation concerns persist. The Fed is widely expected to implement a rate cut next week, with traders predicting a high probability of a quarter-point reduction.

Source: YAHOO

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