Evening Market Recap - Wednesday, 29-Oct
Update: 2025-10-29
Description
US equities finished mostly lower in Wednesday trading, with the Dow Jones closing down 16bps, the S&P500 flat, and the Nasdaq +55bps. The Federal Reserve cut rates by 25 bp at their October meeting, with the economic summary noting activity has been expanding at a moderate pace, the labor market had seen slower job gains, but that the unemployment rate has remained low. September pending-home sales were unchanged m/m vs consensus for a 90bps increase. Nvidia extended a big Tuesday rally on Trump comments that he will discuss Blackwell chips in the upcoming meeting with China's Xi on Thursday.
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