FX.co ★ US Stocks Hold Record Levels after Fed

The major stock indices in the United States reached unprecedented levels on Wednesday following the Federal Reserve's anticipated decision to reduce interest rates by 25 basis points. This financial adjustment comes amid the anticipation of significant earnings results from the Magnificent 7 companies. In terms of performance, the S&P 500 rose by 0.2%, while both the Dow and the Nasdaq 100 saw an increase of 0.4%. In a related move, the Federal Reserve announced the termination of its balance sheet runoff after November, a reaction to recent funding market stresses. Among technology leaders, Nvidia experienced a significant gain of over 3%, following comments from President Trump indicating a forthcoming discussion with China's President Xi Jinping regarding Nvidia's Blackwell processors. This development marks Nvidia as the first publicly traded company to achieve a $5 trillion valuation. Additionally, investors are examining a new batch of corporate earnings, with companies such as Microsoft, Meta, and Alphabet showing slight increases in anticipation of their post-market reports. On a positive note, Verizon's stock climbed 3.7% after reiterating its full-year forecast, and Caterpillar's shares surged by 9.8% due to robust third-quarter sales. Conversely, Boeing's stock dipped by 4% due to an earnings shortfall.