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The stock market rally paused as Federal Reserve Chair Jerome Powell cast doubt on a December rate cut. Tech stocks, led by Nvidia, soared on AI optimism, while interest-rate sensitive sectors decline
U.S. stocks fell from record highs on Tuesday after Federal Reserve Chair Jerome Powell warned that equities were "fairly highly valued," with tech shares leading the decline.
U.S. stock futures edged higher after a market retreat Tuesday, influenced by Fed Chair Powell's comments on high valuations. Micron's strong earnings provided a boost.
A key index measuring Federal Reserve sentiment has dropped to a 10-month low, signaling a dovish outlook after the central bank cut interest rates in September.
The U.S. Federal Reserve cut interest rates by 0.25%, leading to a volatile session and a mixed close for major stock indices amid ongoing economic uncertainty.
The Euro dropped from a yearly high against the U.S. Dollar after the Federal Reserve's 25 bps rate cut was seen as hawkish by markets.
