Reported 3 days ago
On October 29, 2025, the S&P 500 index saw mixed results as the Federal Reserve announced a quarter-point rate cut, but Chairman Jerome Powell cautioned against assumptions of a December cut. Strong earnings from Teradyne and Seagate Technologies, driven by AI demand, boosted their stocks significantly, while Fiserv's disappointing results led to a sharp decrease in its shares. Overall, the U.S. equity markets reflected uncertainty despite the expected rate reduction.
Source: YAHOO