U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
Investors trimmed bets on a December rate cut, now giving it a 71% probability, down from 90% previously. Earlier, markets initially rose following the Fed’s expected quarter-point interest rate cut and its announcement to restart limited Treasury purchases. Policymakers noted that the U.S. federal government shutdown constrained their decision-making process. The Fed lowered its overnight benchmark rate to 3.75%–4.00%, marking the second rate cut this year.
“Markets tend to overreact to news out of the Federal Reserve in the short term,” said Oliver Pursche, senior vice president at Wealthspire Advisors. “Chairman Powell indicated that another rate cut is not a foregone conclusion… The Fed is data dependent.”
Tech giant Nvidia provided a major boost, becoming the first company to reach a $5 trillion market valuation, with shares up 2.7%. Nvidia has gained over 50% this year, driving Wall Street’s AI rally.
By the close, the Dow fell 39.81 points (0.08%) to 47,666.56, the S&P 500 dropped 6.44 points (0.08%) to 6,884.45, and the Nasdaq Composite rose 76.39 points (0.32%) to 23,903.89.
Investors are also watching results from major tech firms due after the bell, including Meta Platforms, Microsoft, and Alphabet, which could influence market direction in the coming days.
Ukrainian President Volodymyr Zelenskyy said on Tuesday he was prepared to hold elections within three months if the U.S. and Kyiv's other allies coul...
Fighting between Thailand and Cambodia extended into a third day on Wednesday as U.S. President Donald Trump said he would make a phone call to stop t...
Australia on Wednesday became the first country to ban social media for children under 16, blocking access to platforms including TikTok, Alphabet's Y...
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize....
Australia on Wednesday became the first country to ban social media for children under 16, blocking access to platforms including TikTok, Alphabet's YouTube and Meta's Instagram and Facebook.
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize.
Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, outlined the country’s energy and gas sector developments at the 15th Türkiye Energy Summit in Istanbul.
A second aid ship carrying 10,080 tents provided by Turkey’s Disaster and Emergency Management Authority (AFAD) has departed from Mersin International Port to help address the shelter needs in Sudan, where a humanitarian crisis is ongoing.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
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