Asian shares are mixed after US stocks remained near record levels following the Fed's rate cut

Asian shares are mixed after US stocks remained near record levels following the Fed's rate cut Updated 13 mins ago Asian shares are mixed after Wall Street indexes churned between gains and losses but ultimately remained near their record levels following the Federal Reserve’s decision to cut its main interest rate. U.S. futures are up while oil prices are down. The S&P 500 fell 0.1% Wednesday and hung near its record set at the start of the week. The Dow Jones Industrial Average rose 260 points, or 0.6%, while the Nasdaq composite fell 0.3%. Stocks initially rose and bond yields fell after officials at the Fed indicated they may cut interest rates two more times in 2025 and once more in 2026. But they snapped back after Fed Chair Jerome Powell warned not to take the projections as gospel