Wall Street stocks finished mixed after the Federal Reserve announced its first interest rate cut of 2025 and signaled it could enact two more cuts this year.

The moves corresponded to market expectations and follow recent economic reports showing weaker job growth that Fed Chair Jerome Powell said justified a greater focus on the Fed's labor market mandate compared with inflation.

US stocks were choppy after the decision, with the Dow Jones Industrial Average ending up 0.6 percent at 46,018.32.

The broad-based S&P 500 shed 0.1 percent to 6,600.35, while the tech-rich Nasdaq Composite Index declined 0.3 percent to 22,261.33.

"Everything landed right in the middle of the fairway," said B. Riley Wealth Management's Art Hogan, noting that equity markets had risen in anticipation of Wednes

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