China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Add as a preferred source on Google
U.S. stocks ended mixed on Wednesday after the Federal Reserve cut interest rates by 25 basis points, a widely expected move. The Nasdaq and S&P 500 slipped, while the Dow Jones Industrial Average closed higher as traders digested Fed Chair Jerome Powell’s cautious outlook.
The central bank signaled two additional quarter-point cuts this year, citing concerns about labor market weakness. Powell acknowledged downside employment risks but emphasized the need to balance inflation management. According to LSEG data, markets had already priced in this rate cut. Michael Rosen, CIO at Angeles Investments, said Powell cooled expectations for aggressive easing, while the Fed raised its inflation forecast, underscoring its delicate policy challenge.
The Dow rose 260.42 points, or 0.57%, to 46,018.32, supported by financial stocks like American Express. The S&P 500 slipped 6.41 points, or 0.10%, to 6,600.35, and the Nasdaq lost 72.63 points, or 0.32%, to 22,261.33.
Wall Street’s recent rally, driven by hopes of lower rates and AI enthusiasm, now faces a test. Nvidia dragged on the Nasdaq, falling 2.6% after reports that China’s regulator ordered tech firms to halt purchases of its chips. Workday surged 7.2% following news of Elliott Management’s $2 billion stake, while Lyft jumped 13.1% after Alphabet’s Waymo announced autonomous ride-hailing plans in Nashville. Rival Uber dropped 5%.
Market breadth was slightly negative, with decliners outnumbering advancers on both the NYSE and Nasdaq. Trading volume hit 18.91 billion shares, above the 20-day average of 16.47 billion. The S&P 500 logged 18 new highs and five lows, while the Nasdaq recorded 122 highs and 45 lows.
