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Wednesday, October 29, 2025
U.S. stock markets are reaching all-time highs, with the Dow up 79 points (+0.16%), the S&P 500 up 13 points (+0.19%), and the Nasdaq up 88 points (+0.34%). The small-cap Russell 2000 is slightly down, off by 2 points. Investors are awaiting a 25 basis-point interest rate cut from the Federal Open Market Committee (FOMC) later today, which would lower the Fed funds rate to 3.75-4.00%, the lowest since December 2022.
NVIDIA has become the first company to reach a $5 trillion market cap, driven by strong demand in the AI sector. Meanwhile, Boeing reported a Q3 loss of $4.9 billion, a 94% negative earnings surprise at -$7.47 per share, although revenues reached $23.27 billion, surpassing expectations. In contrast, Caterpillar’s Q3 earnings beat estimates at $4.95 per share, with revenues of $17.64 billion, influenced by ongoing AI investments.
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