NEW YORK >> The Dow ended lower and the S&P 500 finished flat today after the Federal Reserve cut interest rates but Fed Chair Jerome Powell said another rate cut in December is far from assured. The Nasdaq registered another record closing high, boosted by Nvidia after the AI chipmaker made history as the first company to reach $5 trillion in market value.
In earlier trading, stocks rose and then added to gains after the Fed cut interest rates by a quarter of a percentage point, as expected, and said it will restart limited purchases of Treasury securities.
Fed policymakers also noted the limits in their decision-making process due to the U.S. federal government shutdown. The Fed lowered the overnight benchmark rate to a target range of 3.75% to 4.00%, the second time the U.S. central b

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