Fed Cuts Rate, Stocks Rise; GameStop Drops, GE Vernova Soars
Update: 2025-12-10
Description
US stocks closed higher on Wednesday following the Federal Reserves decision to cut interest rates by a quarter of a percentage point, marking the third such cut this year. However, the central bank indicated slower future rate reductions, with projections suggesting only one more cut by 2026. The Dow and S&P 500 gained, while the Nasdaq saw mixed movement. GameStop stock declined, but GE Vernova shares jumped fifteen percent after doubling its dividend. Oracles earnings report and upcoming reports from Broadcom, Costco, and Lululemon will be closely watched.
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