Stock Market Today: Nasdaq, S&P 500 Add Gains But Small Caps Lag; Fed Makes Expected Rate Cut (Live Coverage)

Stock Market Today: Nasdaq, S&P 500 Add Gains But Small Caps Lag; Fed Makes Expected Rate Cut (Live Coverage)·Investor's Business Daily

The stock market closed mostly higher Thursday but trimmed some gains in afternoon trading after the Federal Reserve cut interest rates by a quarter point, as expected. The Dow Jones Industrial Average ended flat. The Fed did what everyone expected: It lowered the fed funds rate by 25 basis points to a range of 4.50% to 4.75%.

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