Equity Alert
US indices mixed Wed; Fed says rate cut in Dec far from assured
This story was originally published at 08:17 IST on 30 October 2025
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Equity Alert:US indices mixed Wed; Fed says rate cut in Dec far from assured
MUMBAI--0805 IST--Headline indices in the US ended on a mixed note Wednesday after the US Federal Reserve said another interest rate cut in December is far from assured. The US apex bank reduced interest rates by 25 basis points for the second straight time to 3.75-4.00%, in line with expectations. The US Federal Open Market Committee said economic activity had been expanding at a moderate pace, while job gains had slowed.
The three benchmark indices – Dow Jones Industrial Average, S&P 500, and Nasdaq Composite – reached new intra-day record highs. The tech-heavy Nasdaq Composite gained the most among the three indices, led by heavyweight Nvidia which crossed the market capitalisation of $5 trillion. "The rate cut was expected. Powell's (Fed Chair Jerome Powell) remarks took some shine off the market," said Michael Rosen, chief investment officer at Angeles Investments in Santa Monica, California, CNBC-TV18 reported.
Shares of of Meta Platforms fell more than 8%. Meta reported a $16-billion one-time charge that axed its profits and the company said its capital expenditure would be "notably larger" next year compared to 2025, media reports said. Google parent Alphabet's shares were up 6% after the company reported strong earnings.
Investors now await further updates about the trade discussions between the US and China. US President Donald Trump had Wednesday said he is going to sign a deal with his Chinese counterpart Xi Jinping.
Following are the closing levels of US indices Wednesday:
Index | Level | Change in % |
S&P 500 | 6890.59 | 0.00 |
NASDAQ Composite | 23958.473 | 0.55 |
Dow Jones Industrial Average | 47632 | (-)0.16 |
(Anjana Therese Antony)
End
US$1 = INR 88.19
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Vandana Hingorani
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