Markets saw mixed results Friday as the Nasdaq and S&P 500 hit record highs, fueled by strong company forecasts and job data suggesting further Fed rate cuts. However, the Dow dipped due to a drop in UnitedHealth Group shares. Lululemon’s surge boosted consumer discretionary stocks. Rate cut expectations increased following the jobs report.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.
December 11, 2025