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 jumped nearly 500 points to close at 48,058 on Wednesday after the Federal Reserve cut interest rates by a quarter point to 3.50%–3.75%. The S&P 500 and Nasdaq also finished higher. The Fed signaled it may slow the pace of future rate cuts, with internal divisions among policymakers over the decision.