S&P 500 Closes Just Shy of Record After Fed Rate Cut: What December 10, 2025 Means for Markets
The S&P 500 closed up 0.7% at 6,886.26 on Wednesday, just below its all-time high, after the Federal Reserve cut its benchmark rate by 0.25 percentage points to 3.50%–3.75%. The Dow rose 1.1%, and the Nasdaq gained 0.3%. Fed officials signaled a likely pause in further cuts, citing slowing job gains and persistent inflation. Two committee members dissented on the rate decision.