Stock Market Update
29-Oct-25 15:00 ET
Major averages move lower following Fed Chair Powell's commentary
Dow -50.12
at 47656.04,
Nasdaq +59.87
at 23887.39,
S&P -7.07
at 6883.81
[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (+0.3%), and DJIA (-0.1%) are rebounding from session lows that followed commentary from Fed Chair Powell on the future path of monetary policy.
In particular, Mr. Powell noted that committee members hold differing views regarding another rate cut at the December meeting, saying, "A further reduction in policy rate in December is not a foregone conclusion, far from it."
The major averages dipped into negative territory as investors reacted to the notion that another rate cut in December may not be as much of a certainty as previously thought.
However, a rebound effort is underway, lifting the Nasdaq Composite back into positive territory while the S&P 500 and DJIA remain just beneath their flatlines.
