As expected, Wall Street rises closer to its all-time high after the Fed cuts rates

As expected, Wall Street rises closer to its all-time high after the Fed cuts rates Economy Dec 10, 2025 3:16 PM EST

NEW YORK (AP) — The U.S. stock market is rising closer to its all-time high on Wednesday after the Federal Reserve cut its main interest rate to bolster the job market, just like nearly everyone on Wall Street expected.

The S&P 500 rose 0.4% and inched closer to its record, which was set in October. The Dow Jones Industrial Average added 386 points, or 0.8%, as of 2:34 p.m. Eastern time, and the Nasdaq composite edged up 0.1%.

Wall Street loves lower interest rates because they can boost the economy and goose prices for investments, even if they also can worsen inflation. The market reacted only modestly to Wednesday’s cut because stock prices had already run toward t