Overview
- The Federal Reserve lowered the target rate by 25 basis points to 3.75%–4.00% in a 10–2 vote, and Chair Jerome Powell said another cut in December is not assured.
- U.S. stocks ended mixed: the Dow fell 0.15%, the S&P 500 was flat, and the Nasdaq rose 0.55% to a new all-time close at 23,958.47.
- Nvidia gained about 3% and briefly exceeded $5 trillion in market capitalization, helping power the tech-led advance.
- After the close, Meta dropped more than 8% after an 83% plunge in net income, Alphabet rose about 5.6% on record $102.35 billion revenue, and Microsoft fell roughly 4.9% despite a beat as it reported OpenAI-related investment losses.
- In Mexico, the S&P/BMV IPC climbed 0.89% to 63,352.85 and FTSE-BIVA added 0.83% to 1,260.28, while the peso weakened about 0.3% to near 18.46–18.47 per dollar as markets trimmed odds of a December Fed cut.