Stock market today: Dow, S&P 500, Nasdaq waver as Fed cuts rates, Powell says December cut is 'far from' certain
Update: 2025-10-30
Description
On October 29th, the Federal Reserve cut interest rates by a quarter point, causing US stocks to drop after initially surging to new highs. Fed Chair Jerome Powell's comments suggested no December rate cut, shifting market sentiment. Nvidia's stock soared on Trump's hint of easing restrictions on AI processors. Investors await quarterly earnings from big tech companies, with AI and data center investments under scrutiny. The Fed's uncertainty looms large as we approach the end of the year.
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