Dow 30 Soars Back Above 48,000 After Fed’s Third 2025 Rate Cut: December 10 Market Close & 2026 Outlook
The Dow Jones Industrial Average roared higher on Wednesday, December 10, as Wall Street cheered a widely expected interest‑rate cut from the Federal Reserve and a signal that the pace of easing is likely to slow from here. By the closing bell, the Dow 30 was up roughly 500 points, or just over 1%, to about 48,058, reclaiming the 48,000 level and closing in on its all‑time high. The S&P 500 finished around 6,886, up about 0.7%, while the Nasdaq Composite added roughly 0.3% to 23,654, leaving all three major U.S. indices in positive territory for the day. Kiplinger+2Yahoo Finance+2