FX.co ★ Dow and S&P Gain After Fed

The Dow Jones continued its upward trajectory, increasing by approximately 300 points. Meanwhile, the S&P 500 experienced a modest rise of 0.3%, and the Nasdaq remained relatively flat on Wednesday. These movements followed the Federal Reserve's decision to reduce the federal funds rate by 25 basis points, aligning with expectations, and signaling one more rate cut in the upcoming year, consistent with projections made in September. This decision provided some reassurance to investors amid uncertainties regarding whether the Fed would halt reductions in borrowing costs in 2025. The industrials and consumer discretionary sectors led the market, while the technology sector underperformed. Among the major companies, Amazon saw a 0.9% increase after announcing plans to invest $35 billion in India over the next five years. Conversely, Microsoft fell by 3% following its announcement of a $17.5 billion investment in India over the next four years to enhance its cloud and AI infrastructure. Additionally, Nvidia decreased by 1.2%, Meta declined by 1.8%, and Oracle slipped by 0.6% ahead of its upcoming earnings report. General Electric's energy division, GE Vernova, surged over 15% after issuing an optimistic revenue forecast for 2026.