Major stock indexes traded mixed on Wednesday, with the Dow Jones Industrial Average slipping nearly 0.2% to 47,632 and the S&P 500 holding steady at 6,890.59, while the Nasdaq gained 0.55% to 23,958.47. The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.75%-4.00% and announced it would halt the runoff of its securities holdings starting Dec....

05:01 PM EDT, 10/29/2025 (MT Newswires) -- US equity indexes closed mixed on Wednesday after comments by Federal Reserve Chair Jerome Powell raised doubts regarding an interest rate cut in December. * The Federal Open Market Committee cut interest rates by a quarter point Wednesday, setting the benchmark range at 3.75% to 4%, in line with expectations. Fed Chair Jerome...

05:16 PM EDT, 10/29/2025 (MT Newswires) -- The Dow Jones Industrial Average fell from Tuesday's record high level after Federal Reserve Jerome Powell on Wednesday indicated uncertainty around an interest rate cut in December. The Dow dropped 0.2% to 47,632, while the S&P 500 ended just below the flatline at 6,890.6. Both snapped a four-day run of gains that pushed...

ORLANDO, Florida, Oct 29 (Reuters) - The U.S. labor market has been characterized as a 'no hire, no fire' landscape for much of the past year. But 'no hire, more fire' increasingly looks more accurate, providing further ammunition for the Federal Reserve to cut interest rates. Retail giant Amazon on Tuesday announced 14,000 layoffs, with more to come next year,...