Markets React as Fed Signals Rate Cut and Balance Sheet End
TL;DR
The Dow Jones hit a record high of 48,040.64 ahead of the Fed's expected rate cut to 3.75%-4.00%, amid ongoing trade negotiations and economic uncertainty due to the government shutdown. Key movers include Nvidia reaching a $5 trillion valuation and Caterpillar beating earnings expectations. The market is also influenced by U.S.-South Korea and potential U.S.-China trade deals, with the DIA ETF rising in tandem with the Dow.
- Dow Jones Index Today: DJIA Clinches Record-High as All Eyes Turn to Fed Rate Decision TipRanks
- Stock market today: Dow, S&P 500, Nasdaq rise as Fed cuts rates for 2nd straight meeting, Nvidia surges Yahoo Finance
- Wall Street edges back from records after Fed warns another rate cut is not guaranteed AP News
- Global Markets Mixed Ahead of U.S. Interest-Rate Decision - WSJ The Wall Street Journal
- Stock Market Today: Dow and S&P 500 edge lower, Nasdaq turns higher as Fed's Powell outlines decision to cut rates and end shrinking of balance sheet MarketWatch
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