Equity Alert
US indices mixed as Fed signals no rate cut in Sept
This story was originally published at 08:05 IST on 31 July 2025
Register to read our real-time news.Informist, Thursday, Jul. 31, 2025 Tel +91 (22) 6985-4000
Equity Alert: US indices mixed as Fed signals no rate cut in Sept
MUMBAI--0747 IST--The S&P 500 and Dow Jones Industrial Average closed lower on Wednesday after US Federal Reserve Chair Jerome Powell said the central bank had made no decisions about a rate cut in September. This dampened traders' hopes, as nearly 64% of them were expecting a 25-basis-point rate cut in September, against 42?ter the policy outcome. Investors also parsed the June quarter earnings of two Magnificent Seven stocks--Meta and Microsoft. Results of Amazon and Apple are due later Thursday.
The US Federal Reserve kept the federal funds rate steady at 4.25-4.50% yet again, but the decision was not unanimous with two governors--Michelle Bowman and Christopher Waller--in favour of a quarter percentage-point cut. This was the first time since 1993 that the Fed's policy decision was met with such dissent, CNBC reported.
"Our obligation is to keep longer-term inflation expectations well anchored and to prevent a one-time increase in the price level from becoming an ongoing inflation problem," Powell was quoted as saying by Reuters. "Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen."
The S&P 500 index ended slightly lower and extended losses for the second straight session, while the Nasdaq Composite closed 0.2% higher. The Dow Jones Industrial Average closed 0.4% lower. Among stocks, mega-cap companies Microsoft and Meta Platforms were up more than 6?ch in extended trade after reporting quarterly results. Starbucks ended slightly lower despite posting better-than-expected third-quarter sales. Hershey gained 1.4?ter the chocolate and snacks company reported results that topped estimates.
Following are the closing levels of US indices Wednesday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44461.28 | (-)0.38 |
| NASDAQ Composite | 21129.67 | 0.15 |
| S&P 500 | 6362.9 | (-)0.12 |
(Gopika Balasubramanium)
End
US$1 = INR 87.42
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
All prices from National Stock Exchange, unless otherwise specified.
All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.
All times are Indian Standard Time.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
