Dow, S&P 500 Slip on December Rate Cut Worries, Nvidia Boosts Nasdaq: Stock Market Today
Stocks opened modestly higher on Wednesday as several mega-cap stocks rallied ahead of a rush of Big Tech earnings. The main indexes finished mixed, though, after the Federal Reserve lowered interest rates, as expected, but suggested a December rate cut is not a sure thing.
Nvidia (NVDA) was one of the most talked-about stocks today after the artificial intelligence (AI) bellwether rose 3% to become the first company to close with a $5 trillion market cap.