Fed Cuts Rates, Tech Eyes Oracle Earnings
Update: 2025-12-10
Description
The Federal Reserve cut interest rates by a quarter of a percentage point, boosting US stocks and reversing earlier losses. The Dow Jones Industrial Average and S&P five hundred climbed, while the Nasdaq Composite moved into positive territory. This is the third rate cut this year, with projections suggesting only one more cut by 2026. The vote was not unanimous, with two Fed presidents preferring to keep rates unchanged and one arguing for a larger cut. GameStop stock declined after lower-than-expected revenue, while GE Vernova shares jumped after doubling dividend payments. Oracles earnings report is closely watched today, with Broadcom, Costco, and Lululemon set to release their earnings on Thursday.
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