S&P 500 Hits New High, Fed Cuts Rates
Update: 2025-12-12
Description
The S&P 500 and Dow Jones Industrial Average reached new highs, while the Nasdaq composite slipped due to AI stock weakness. Despite earlier market challenges, strong corporate earnings boosted stock prices. The Federal Reserve cut interest rates, hinting at another possible cut in 2026, which was generally welcomed by Wall Street. Fed Chair Jerome Powells comments on future cuts were less severe than expected, calming market nerves and leading to gains in the Russell 2000 index.
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