The Dow Jones closed down 74.37 points after the Fed cut interest rates as expected, but the timing was unclear in December.

Dow Jones closes lower after Fed cuts interest rates as expected; tech stocks fluctuate under market pressure

US stocks fell on Wednesday (Oct 29) after the Federal Reserve (Fed) cut interest rates by 0.25 percentage point to a range of 3.75-4.00% as expected, but Fed Chair Jerome Powell signaled that another rate cut in December was "uncertain," leading investors to lower their expectations for further monetary policy easing.

• index ดาวโจนส์ Closed at 47,632.00 points, down 74.37 points (-0.16%)
• index S & P 500 Closed at 6,890.59 points, down 0.30 points (-0.004%)
• index แน ส แด็ ก Closed at 23,958.47 points, up 130.98 points (+0.55%)

Technology stocks fluctuate after Q3 earnings report A Jumped more than 5% on better-than-expected Google Cloud and YouTube revenue, while Meta It fell nearly 9% after setting aside a $15.9 billion expense allowance for President Trump's "Big Beautiful Bill." ecosystem Weakened 4% after revealing investment in OpenAI dragged down quarterly profits by about $3.1 billion.

Analysts believe that while the Fed cut interest rates as expected, Powell's cautious stance has created uncertainty over the prospect of a rate cut later this year, sending the 10-year Treasury yield back above 4%.

European stock markets closed mixed as investors awaited Fed results; German luxury car stocks boosted sentiment

European stock markets closed mixed on Wednesday, as investors held off on trading ahead of the Federal Reserve meeting, although some sectors were boosted by strong quarterly results, particularly auto and banking.

• index STOXX 600 Closed at 575.40 points, down 0.36 points (-0.06%)
• index German DAX Closed at 24,124.21 points, down 154.42 points (-0.64%)
• index CAC 40 France Closed at 8,200.88 points, down 15.70 points (-0.19%)
• while FTSE MIB Italy IBEX 35 Spain Plus 0.3% and 0.4% respectively.

share Mercedes-Benz Soared 4.5% despite a 70% drop in Q3 profits due to layoff costs, which investors saw as a positive restructuring signal. Deutsche Bank Jumped nearly 5% after reporting better-than-expected net profit of 1.56 billion euros. Santander Increased 4.1% from 9-month profit growth of 7.8% year-on-year

UK stocks continue to rise, with banks and energy boosting the FTSE by over 0.6%.

London's stock market closed higher on Wednesday, boosted by banking and energy stocks after oil prices rose and investors anticipated Bank of England (BoE) Interest rates may be cut at next week's meeting

• index 100 FTSE Closed at 9,756.14 points, up 59.40 points (+0.61%)

share Lloyds Bank Barclays Up more than 2% while BP Shell Plus almost 1% following the recovery in oil prices

Gold prices steady after Fed cuts interest rates, but Powell signals caution

Gold prices edged up slightly on Wednesday after the Federal Reserve cut interest rates by 0.25% as expected, but Powell's comments that further cuts were uncertain limited safe-haven buying.

• Spot Gold price closed at $3,964.39/ounce (+ 0.3%)
• As the Comex gold futures contract (December delivery) closed at $4,000.70/ounce (+ 0.4%)

Analysts say the reduced expectations of a December interest rate cut could weaken gold's support in the short term, although prices remain above $3,900.

Oil prices surge after sharp drop in US oil inventories, expected progress in US-China trade deal

Global oil prices rose on Wednesday after data from the U.S. Energy Information Administration (EIA) showed a decline of nearly 7 million barrels in crude oil inventories, much larger than expected, and positive sentiment from trade talks between President Trump and President Xi Jinping helped support market prices.

• WTI crude oil futures (December delivery) closed at $60.55/barrel (+ 0.7%)
• Brent crude oil futures closed at $64.93/barrel (+ 0.8%)

Analysts say the drop in oil inventories is causing the market to question the idea of ​​a "supply" next year.

Dollar strengthens after Powell lowers chances of Fed rate cut in December

The dollar strengthened on Wednesday after Powell's comments reduced the chances of further interest rate cuts in December, prompting investors to return to the greenback as a safe asset.

• index Dollar Index (DXY) closed at 99.28 Increased +0.63%
• The euro weakened at 1.1585 USD/EUR (-0.56%)
• The yen weakened at 152.86 yen/dollar (+ 0.56%)

Analysts say the Fed's cautious stance has bolstered the dollar in the short term, although economic uncertainty and labor market pressures may limit further gains in the medium term.

refer:
CNBC, Reuters, Bloomberg Markets

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