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Dow falls, S&P 500 flat as Fed rate cut not sure
Business World Philippines
|October 31, 2025
The Dow ended lower and the S&P 500 finished flat on Wednesday after the US Federal Reserve cut interest rates but Fed Chair Jerome H. Powell said another rate cut in December is far from assured.
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The Nasdaq registered another record closing high, boosted by Nvidia after the artificial intelligence chipmaker made history as the first company to reach $5 trillion in market value.
In earlier trading, stocks rose and then added to gains after the Fed cut interest rates by a quarter of a percentage point, as expected, and said it will restart limited purchases of Treasury securities.
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