Dow and S&P Gain After Fed
2025-12-10 19:18
By
Joana Taborda
1 min. read
The Dow Jones extended gains, rising about 300 points, while the S&P 500 added 0.3% and the Nasdaq pared losses to trade around the flatline on Wednesday.
The moves came after the Fed cut the federal funds rate by 25bps as expected and projected one additional rate cut next year, consistent with its September projections.
The decision offered investors some relief amid doubts over whether the Fed would stop lowering borrowing costs in 2026.
Industrials and consumer discretionary outperformed while the tech sector lagged.
Among megacaps, Amazon gained 0.9% after unveiling plans to invest $35 billion in India over the next five years.
In contrast, Microsoft slid 3% after announcing a $17.5 billion investment in India over the next four years to expand its cloud and AI infrastructure.
Nvidia was down 1.2%, Meta dropped 1.8%, and Oracle fell 0.6% ahead of its earnings release.
In addition, GE Vernova jumped more than 15% after publishing a bullish revenue outlook for 2026.