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soon.As widely expected, the Federal Reserve cut interest rates yesterday. The Federal Open Market Committee voted 11-1 to lower the target range for the Fed funds rate by a quarter percentage point to 4.00%-4.25%. Newly sworn-in Governor Stephen Miran was the only policymaker to dissent, favoring a larger half-point rate cut. In a post-meeting statement, policymakers said the unemployment rate had “edged up but remains low,” adding that “downside risks to employment have risen.” At the same time, officials acknowledged that inflation has “moved up and remains somewhat elevated.” Policymakers also updated their economic projections and now anticipate two more quarter-point cuts this year. They project one quarter-point cut in 2026 and another in 2027.Heavy Out-of-the-Money Put Options Activity in Amazon - Setting a Lower AMZN Buy-In PointArcher Aviation Stock Is Soaring on New FAA Win. Should You Buy ACHR Here?As Drone Stocks Skyrocket, Cathie Wood Can’t Get Enough of This 1 NameMarkets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.At a press conference, Chair Jerome Powell emphasized the Fed’s dual mandate challenges, noting that inflation pressures persist while labor-market data weakens, meaning “there’s no risk-free path” forward. Mr. Powell struck a cautious tone on the outlook for additional rate moves, saying the Fed was now in a “meeting-by-meeting situation.”In yesterday’s trading session, Wall Street’s three main equity benchmarks closed mixed. Nvidia (NVDA) fell over -2% and was the top percentage loser on the Dow after the Financial Times reported that China’s internet watchdog had banned the country’s biggest technology firms from buying Nvidia’s AI chips. Also, Uber Technologies (UBER) slid nearly -5% and was among the top percentage losers on the S&P 500 after rival Lyft and Alphabet’s Waymo announced plans to expand their fully autonomous ride-hailing service to Nashville in 2026. In addition, General Mills (GIS) dropped about -0.8% after the company posted weaker-than-expected FQ1 revenue. On the bullish side, Workday (WDAY) climbed more than +7% and was the top percentage gainer on the Nasdaq 100 after activist investor Elliott Investment Management disclosed a $2 billion stake in the company.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,664.36 +32.40 (+0.49%)Dow 3046,315.27 +172.85 (+0.37%)Nasdaq22,631.48 +160.75 (+0.72%)Russell 20002,451.13 -16.57 (-0.67%)VIX15.58 -0.12 (-0.76%)Gold3,718.60 +40.30 (+1.10%)PortfolioSign in to access your portfolioSign inTop gainersOKLO Oklo Inc. 135.01 +30.04 (+28.58%)BHF Brighthouse Financial, Inc. 57.59 +12.33 (+27.24%)QUBT Quantum Computing Inc. 23.27 +4.92 (+26.81%)SMR NuScale Power Corporation 46.70 +8.58 (+22.51%)DGNX Diginex Limited 13.60 +2.32 (+20.57%)Top losersDXCM DexCom, Inc. 67.45 -8.33 (-10.99%)VOR Vor Biopharma Inc. 27.24 -3.16 (-10.39%)HESM Hess Midstream LP 35.39 -4.09 (-10.36%)CART Maplebear Inc. 41.50 -3.90 (-8.59%)QMMM QMMM Holdings Limited 82.84 -6.18 (-6.94%)Most activeOPEN Opendoor Technologies Inc. 9.57 -0.37 (-3.72%)INTC Intel Corporation 29.58 -0.99 (-3.24%)SNAP Snap Inc. 8.17 -0.27 (-3.20%)NVDA NVIDIA Corporation 176.60 +0.36 (+0.20%)BBAI BigBear.ai Holdings, Inc. 6.85 +0.57 (+9.00%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAAPL Apple Inc. 245.50 +7.62 (+3.20%)AGMH AGM Group Holdings Inc. 10.34 +8.11 (+363.68%)QUBT Quantum Computing Inc. 23.27 +4.92 (+26.81%)SMR NuScale Power Corporation 46.70 +8.58 (+22.51%)OKLO Oklo Inc. 135.01 +30.04 (+28.58%)Top economic events