The Dow, S&P 500, and Nasdaq closed at new highs Thursday as the stock market rallied after the Federal Reserve's latest interest-rate cut.

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FOMC has cut the benchmark interest rates by 25 bps to 4%-4.25%, and has signaled two more rate cuts this year. Asian markets traded higher, while the Indian stock market benchmark indices, Sensex and Nifty 50,

The Federal Reserve is expected to cut its benchmark interest rate by a quarter point, the first cut since December 2024. U.S. President Donald Trump has been pushing for more.

The Federal Reserve is set to decide on interest rates as job growth slows and Trump’s tariffs affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The Dow, S&P 500 and Nasdaq fell Tuesday as the stock market waited for the Federal Reserve's latest interest-rate decision.

The Australian share market gains, after Wall Street's S&P 500 hit a record high. Australia Post has announced it plans to resume postal sending to the United States on Monday, 22 September, 2025. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

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