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.
US stocks: US market rises on the day but falls for the week; bond yields and Iran in focus
Major U.S. stock indexes finished Friday higher, but recorded weekly declines. Investors reacted to fluctuating government bond yields and Middle East developments. Stronger services sector