Stock Market Today: Dow falls over 100 points as stocks end volatile session lower after Fed's biggest rate cut in 16 years
Cathie Wood’s ARK Innovation ETF climbed Wednesday, outperforming the S&P 500 after the Federal Reserve announced a half-point interest-rate cut.
Shares of the ETF, which is managed by ARK Investment Management founder Wood and invests in stocks with a disruptive-innovation theme, rose 0.3%, according to FactSet data. That brought its monthly gain to 3%.
Meanwhile, the S&P 500 index fell a modest 0.3% Wednesday for a monthly decline of around 0.5%.