US stocks today: Dow jumps more than 1.3%, S&P 500, Nasdaq rally after US Fed cuts interest rates — Details here

US stock market today: The benchmark stock market indices in the US market rose on Wednesday, December 10, 2025, after the Federal Reserve’s FOMC decided to cut the benchmark interest rates of the US economy for the third consecutive time by 25 basis points. MarketWatch data shows that the Dow Jones Industrial Average (Dow) jumped 1.31% to hit an intraday high of 48,197.30 points during Wednesday’s trading session, compared with 47,560.29 points at the previous US stock market close. Dow Jones closed up 1.05%, or nearly 500 points, at 48,057.75 after Wednesday’s trading session. The S&P 500 ( SPX ) also rose 0.85% to hit an intraday high of 6,900.67 points during Fed Chairman Jerome Powell’s speech, compared with 6,840.51 points at the previous stock market close. The S&P 500 closed 0.67% higher at 6,886.68 points after Wednesday’s US stock market session. The technology-heavy Nasdaq Composite also rose 0.54% to hit the day’s high on Wednesday at 23,704.08 points, compared with 23,576.49 points at the previous Wall Street close, according to MarketWatch data. The Nasdaq Composite closed 0.33% higher at 23,654.16 points at the closing bell on Wednesday, according to market data. US Fed December Policy Outcome The US Federal Reserve’s Federal Open Market Committee (FOMC) decided on Wednesday, December 10, 2025 to cut the interest rate to a range of 3.50%-3.75%, indicating a 25 basis point rate cut in the US economy. The US Fed’s decision comes amid increased inflation levels in the economy, as the central bank continues to target a 2% inflation level amid its goal of achieving maximum employment. “In support of its objectives and in light of the shift in the balance of risks, the Committee decided to lower the target band for the federal funds rate by 1/4 percentage point to 3-1/2 to 3-3/4 percent,” the Federal Reserve said in its official statement on Wednesday. Fed Chairman Jerome Powell said the central bank’s decision to cut its benchmark interest rates is expected to stabilize the US labor market amid rising unemployment rates in the country. However, the Fed chairman also said that unemployment rates could reach 4.5% by the end of the year 2025, as the downside risk to employment appeared to be rising in recent months. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purpose only. The opinions and recommendations expressed are those of individual analysts or brokerage firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.