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US markets end mostly in red on Wednesday
Oct-30-2025

The US markets ended mostly in red on Wednesday as traders digested Federal Reserve (Fed) Chair Jerome Powell's comments following the central bank's monetary policy announcement. Although the Fed has lowered the interest rate by 25 basis points as widely expected, Powell's post-meeting remarks partly offset optimism about another rate cut in December. Powell said a further reduction in rates in December is not a foregone conclusion, noting Fed officials had strongly differing views about how to proceed at the final meeting of the year. Highlighting the high level of uncertainty due to government shutdown delaying key data, he added that there's a growing chorus that feels the Fed should wait a cycle to continue cutting rates.

On sectoral front, computer hardware stocks continued to see substantial strength, driving the NYSE Arca Computer Hardware Index up by 6.3 percent to a record closing high. Oil service stocks also continued to turn in a strong performance amid a rebound by the price of crude oil, with the Philadelphia Oil Service Index jumping by 2.6 percent.

Dow Jones Industrial Average fell 74.37 points or 0.16 percent to 47,632.00 and S&P 500 edged down 0.30 points to 6,890.59, while Nasdaq climbed 130.98 points or 0.55 percent to 23,958.47.

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