Reported about 23 hours ago
U.S. stocks closed mixed after the Federal Reserve announced a 25 basis point interest rate cut, with the Nasdaq hitting a record high on Nvidia's surge, while the S&P 500 dipped slightly and the Dow fell. Fed Chair Jerome Powell indicated uncertainty about future cuts, which affected market sentiment. Nvidia's stock rose significantly, making it the first company to surpass a $5 trillion valuation, fueled by optimism regarding trade discussions with China.
Source: YAHOO