Reported 1 day ago
U.S. stocks closed mixed following the Federal Reserve's second interest rate cut this year, with the S&P 500 ending slightly down and the Nasdaq Composite rising 0.5% to a new all-time high. Fed Chair Jerome Powell cautioned that a potential December rate cut is not guaranteed, leading to some disappointment among investors. Meanwhile, Nvidia's shares soared, making it the first company to surpass a $5 trillion market value, as optimism grows around its prospects in China. Upcoming earnings reports from major tech companies are also anticipated.
Source: YAHOO