Stock Market Update: Nasdaq Hits Record High While Dow and S&P 500 Slip Amid Fed Rate Cut

Reported about 19 hours ago

US stocks ended mixed as the Federal Reserve cut interest rates for the second time this year. The S&P 500 dipped slightly, while the Nasdaq Composite reached a new all-time high, buoyed by Nvidia's record performance. Fed Chair Jerome Powell's comments suggesting that a December rate cut is uncertain contributed to the market's lack of momentum, accompanied by notable dissent within the Fed regarding the decision.

Source: YAHOO

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