* Fed cuts rates by 25 bps, as expected * Real estate, consumer discretionary sectors weakest * Crypto stocks fall on Powell comments * Indexes down: Dow 2.58%, S&P 500 2.95%, Nasdaq 3.56% (Adds data, updates prices) By Chuck Mikolajczak NEW YORK, Dec 18 (Reuters) - U.S. stocks plunged on Wednesday, with all three major indexes posting their biggest daily...

(Reuters) -U.S. stocks plunged on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank's economic projections signaled a slower pace of cuts next year. According to preliminary data, the S&P 500 lost 2.96%, while the Nasdaq Composite lost 3.62% and the Dow Jones Industrial Average fell or 2.61%. The Dow...

The ProShares UltraPro QQQ ( TQQQ ) , which provides triple-leveraged exposure to the Nasdaq-100 Index, fell some 10.81% to $82.09 Wednesday after the Federal Reserve's December meeting. What To Know: The ETF is sensitive to bullish sentiment in tech stocks, which struggled amid concerns over the Fed's cautious outlook on monetary easing. While the Fed reduced the federal funds...

04:58 PM EST, 12/18/2024 (MT Newswires) -- US benchmark equity indexes slumped Wednesday, while Treasury yields soared after the Federal Reserve reduced its policy rate by 25 basis points and flagged fewer cuts ahead than previously projected. The Nasdaq Composite sank 3.6% to 19,392.7, while the S&P 500 lost 3% to 5,872.2. The Dow Jones Industrial Average declined 2.6% to...