The Dow Jones industrial average, S&P 500 index, and Nasdaq composite all fell during US trading on Wednesday.
Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate. US indexes sank further into negative territory following indications the central bank wouldn't move into a prolonged period of easing. Fed Chair Jerome Powell erased those losses during his press conference by saying the central bank will cut as needed to fend off an economic contraction.
Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate. US indexes sank further into negative territory following indications the central bank wouldn't move into a prolonged period of easing. Fed Chair Jerome Powell erased those losses during his press conference by saying the central bank will cut as needed to fend off an economic contraction.
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