The US stock market showed resilience on Wednesday after the Federal Reserve kept interest rates unchanged. The Dow Jones Industrial Average pared its losses at the closing bell, while Nvidia took a hit and Trump Media & Technology Group surged. Apple’s earnings were also a factor, with the company sidestepping an analyst downgrade.
Inflation data released later in the day showed a rise, but it was not enough to dampen investor enthusiasm for the stocks of companies like Deckers, which plummeted after reporting earnings. The Dow Jones futures rose on Friday as investors reacted to Apple’s strong earnings and key inflation data.
Other notable movers included Tesla, Facebook parent Meta, and several small-cap stocks that led gains in the market. Investors may be looking to this year for significant earnings growth from companies like these, but others are warning of a potential slowdown in 2025.
Meanwhile, Nvidia investors were left reeling after Elon Musk’s company announced its earnings report.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-stock-federal-reserve-trump-stock