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Informist, Thursday, Dec. 11, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Indices in US close higher Wed on 25-bps rate cut by Fed 

MUMBAI--0730 IST--Benchmark equity indices in the US closed higher Wednesday as the US Federal Reserve cut its key interest rate by a quarter-percentage point. After falling for the previous two consecutive sessions since Monday, the Dow Jones Industrial Average rallied and closed over 1% higher. The small-cap Russell 2000 index outperformed the large-caps with a 1.3% gain, hitting a fresh all-time high, according to various news reports.

The Federal Reserve cut its overnight lending rate by 25 basis points, bringing the targeted range to 3.5-3.75%, CNBC reported. Market participants raised estimates for GDP growth in 2026 to 2.3% from 1.8% and expectations of a 4.4% unemployment rate at the end of next year remained, Reuters reported.

Industrial stocks made the largest gains in the S&P 500 index. Energy equipment manufacturer GE Vernova jumped nearly 16% after the company forecast higher revenue in 2026, showing strong demand for its artificial intelligence-related infrastructure. On the other hand, defensive utilities stocks were the biggest laggards, Reuters reported.

Shares of regional banks rose during the session, following the Fed's decision to cut rates. Shares of State Street SPDR S&P Regional Banking rose over 3%. Truist Financial Corp. and Huntington Bancshares also ended over 3% higher. Shares of M&t Bank Corp. ended nearly 4% higher.  

Following are the closing levels of US indices Wednesday:

(Arundathi A R)

US$1 = INR 89.97

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.

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