Nvidia becomes first company valued at $5 trillion as U.S. stocks rise toward records Economy Oct 29, 2025 1:26 PM EDT

NEW YORK (AP) — U.S. stocks are rising toward more records on Wednesday as Wall Street waits to hear from the Federal Reserve later in the day about what it will do with interest rates.

The S&P 500 added 0.3% in afternoon trading. The Dow Jones Industrial Average was up 271 points, or 0.6%, as of 12:32 p.m. Eastern time, and the Nasdaq composite was 0.5% higher. All three indexes are coming off their latest all-time high.

The bond market was also relatively steady in the countdown to the announcement from the Fed. The widespread expectation is that it will announce the second cut of the year to its main interest rate in hopes of helping the slowing job market. More im

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