Stock market today: Dow, S&P 500, Nasdaq mixed as Fed cuts rates, Powell says December cut is 'far from' certain
Update: 2025-10-30
Description
US stocks had a volatile day as the Federal Reserve hinted at a potential rate cut in December, causing investors to react negatively. However, Nvidia's shares surged after former President Trump's comments on AI chip restrictions, pushing its market value over $5 trillion. Investors are now awaiting earnings reports from tech giants, with concerns about a possible tech bubble and rising layoffs. Powell acknowledged the rise in layoffs but noted that inflation, excluding tariffs, is close to the Fed's target, offering hope for stabilization.
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