U.S. stocks ended with modest losses on Wednesday after the Federal Reserve cut interest rates by 50 basis points, the first reduction in over four years. The Dow, S&P 500, and Nasdaq all experienced intraday highs before closing lower. Small cap stocks and regional banks saw gains, while trading remained choppy throughout the day.
India, Taiwan ETFs see record outflows before Asia stock rebound
US-listed ETFs tracking India and Taiwan saw record outflows in March amid currency weakness, rising yields and energy concerns. Despite this, Asian equities rebounded sharply