Wall Street Mixed After Fed Rate Cut Adjustment

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Wall Street ended mixed on Thursday after a sharp fall on Wednesday.
The S&P 500 and Nasdaq closed slightly down, while Dow Jones edged up.
The Federal Reserve reduced the number of expected rate cuts for 2025, causing market turbulence.
US economy grew faster than expected in the third quarter, with a 3.1% annualized growth.
Jobless claims in the US decreased to 220,000, a drop of 22,000 from the previous week.

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Sammendrag

Wall Street experienced a mixed trading day on Thursday, following a significant downturn on Wednesday triggered by the Federal Reserve's decision to reduce the number of expected interest rate cuts in 2025. The S&P 500 and Nasdaq closed slightly down, while the Dow Jones saw a marginal increase. This market reaction came after investors initially anticipated a more aggressive approach to rate cuts. Despite the market's volatility, new economic data revealed a stronger-than-expected 3.1% growth in the US economy during the third quarter, and a decrease in jobless claims. Investors are now awaiting new inflation figures, as the Fed emphasizes the need for progress in the fight against inflation before implementing future rate cuts.