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Stocks hit fresh record high, US yields rise after Fed rate cut

19 September 2025 09:40 (UTC +04:00)

World stocks hit a record high in choppy trading with equities Wall Street ending mixed on Wednesday after the Federal Reserve delivered a widely expected interest rate cut and signaled the start of a monetary policy easing cycle, APA reports, citing Reuters.

The Fed cut rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of this year. Only new Governor Stephen Miran, who joined the Fed on Tuesday and is on leave as head of the White House's Council of Economic Advisers, dissented in favor of a half-percentage-point cut.

The S&P 500 and Nasdaq finished slightly lower while the Dow rose. The Dow Industrial Average (.DJI), rose 0.57% to 46,018.32, the S&P 500 (.SPX), fell 0.10% to 6,600.35 and the Nasdaq Composite (.IXIC), fell 0.32% to 22,261.33.

MSCI's gauge of stocks across the globe (.MIWD00000PUS), was last down 0.10% to 975.84, after rising to a record high of 979.61. The pan-European STOXX 600 (.STOXX), index had ended down 0.03%.

"The market’s reaction so far has been to sell on this news, which isn’t that surprising; what does surprise me is that the markets were as bullish going into this as they were," said Mark Malek, chief investment officer at SiebertNXT in New York. "I’m expecting more of a negative knee-jerk reaction, because there was a lot of excitement and a bit too much exuberance came in too soon."