Live Feeds
● LIVE Updated 3h ago · 15 sources tracked

Stock market today: Nasdaq wavers, S&P 500 and Dow climb as Fed votes to hold rates steady in 10-2 decision

U.S. stocks finished Wednesday with mixed results as the Federal Reserve voted to hold interest rates steady in the 3.75% to 4.00% range following its two-day policy meeting. The Dow Jones Industrial Average climbed 130 points and the S&P 500 gained ground, while the Nasdaq index wavered. Cleveland Fed President Beth Hammack and Fed Governor Lisa Cook dissented from the decision, favoring a rate hike instead in the 10-2 vote. Meanwhile, investors monitored oil price fluctuations and awaited corporate earnings results from major technology firms including Microsoft and Alphabet.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~3 min
Speed:
RSS Source map (15)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ The Federal Reserve held interest rates steady at 3.75%-4.00% with a 10-2 vote.
  • ✓ Cleveland Fed President Beth Hammack and Fed Governor Lisa Cook dissented, favoring a rate hike.
  • ✓ The Dow climbed 130 points and the S&P 500 gained while the Nasdaq wavered.
  • ✓ Microsoft and Alphabet earnings were on tap following the central bank decision.
🛡️ Source Corroboration: 15 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The Federal Reserve voted 10-2 to hold interest rates steady at 3.75% to 4.00%, with Cleveland Fed President Beth Hammack and Fed Governor Lisa Cook dissenting in favor of a rate hike.

Live updates

  1. Dow, S&P 500 Climb and Nasdaq Wavers as Fed Holds Rates

    U.S. stocks finished Wednesday with mixed results as the Federal Reserve voted to hold interest rates steady in the 3.75% to 4.00% range following its two-day policy meeting. The Dow Jones Industrial Average climbed 130 points and the S&P 500 gained ground, while the Nasdaq index wavered. Cleveland Fed President Beth Hammack and Fed Governor Lisa Cook dissented from the decision, favoring a rate hike instead in the 10-2 vote. Meanwhile, investors monitored oil price fluctuations and awaited corporate earnings results from major technology firms including Microsoft and Alphabet.

    Why it matters

    The central bank decision arrived during a critical session for financial markets ahead of upcoming midterm elections and major corporate earnings reports. Investors also processed comments from Iranian leaders that impacted crude oil prices and looked to artificial intelligence-related stocks for market support. Markets had widely anticipated the Federal Reserve would leave rates unchanged at this meeting.

    What is confirmed

    • The Federal Reserve held interest rates steady at 3.75%-4.00% with a 10-2 vote.
    • Cleveland Fed President Beth Hammack and Fed Governor Lisa Cook dissented, favoring a rate hike.
    • The Dow climbed 130 points and the S&P 500 gained while the Nasdaq wavered.
    • Microsoft and Alphabet earnings were on tap following the central bank decision.

    Still unconfirmed

    • Kevin Warsh stated that politics played no role in the interest rate decision ahead of the midterm elections.

    What to watch next

    • Remarks from Federal Reserve officials
    • Upcoming corporate earnings reports from Microsoft and Alphabet
    • Potential rate action at the December Federal Reserve meeting
    Sources used for this update (21)
    1. www.investors.com — Stock Market Today: Stock Market News And Analysis
    2. WSJ — Stock Market Today: Oil Ticks Higher With Mideast in Focus, Dow Futures Edge Up — Live Updates
    3. MarketWatch — Stock Market Today: Dow, S&P 500 and Nasdaq set to rise as oil prices fall on Iranian leader comments
    4. Reuters — US stock futures gain as oil pulls back ahead of Fed decision
    5. AP News — Wall Street drifts as Broadcom and other AI-related stocks help support the market
    6. Investor's Business Daily — Techs, Small Caps Lead The Charge As Stock Market Rallies Ahead Of Fed, Big Earnings
    7. AP News — Global shares are mixed after US stock rally, and oil prices gain more than 1%
    8. WSJ — U.S. Stocks Add to Gains Ahead of Earnings, Fed Statement
    9. Yahoo Finance — Fed meeting live updates: Interest rates held steady in split vote, Warsh says politics played 'no role' ahead of midterm elections
    10. Yahoo Finance — Stock market today: Nasdaq wavers, S&P 500 and Dow climb as Fed votes to hold rates steady in 10-2 decision
    11. CNN — Did the Fed just make a huge mistake?
    12. Al Jazeera — Global stock markets rise as investors continue to bet on AI
    confidence 100%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community