US stock indices gained on Wednesday, after the Federal Reserve delivered its first interest rate cut in more than four years.
Meanwhile, the dollar fell. At 12 midnight (India Time), the dollar index was down 0.46% at 100.45, the lowest since July 2023.
At 12:04 p.m., the Dow Jones Industrial Average fell 101.36 points, or 0.24 per cent, to 41,504.82, the S&P 500 lost 15.32 points, or 0.27 per cent, to 5,619.26 and the Nasdaq Composite lost 68.11 points, or 0.39 per cent, to 17,559.95.
At 9:45 a.m., the Dow Jones Industrial Average fell 40.18 points, or 0.11 per cent, to 41,560.69, the S&P 500 gained 3.11 points, or 0.06 per cent, to 5,637.69 and the Nasdaq Composite edged up 22.76 points, or 0.13 per cent, to 17,650.82.
At the opening bell, the Dow Jones Industrial Average rose 22.7 points, or 0.05 per cent, to 41,628.91. The S&P 500 rose 7.1 points, or 0.13 per cent, to 5,641.68, while the Nasdaq Composite rose 35.3 points, or 0.20 per cent, to 17,663.383.
The US dollar slipped on Wednesday as Treasury yields edged higher.
The dollar fell to 141.90 Japanese yen from 142.34.The euro was at $1.1121, up modestly from $1.1117.
Intuitive Machines stock climbed 57 per cent after NASA awarded it with a contract worth up to $4.82 billion for communication and navigation services.
Shares of Apple climbed 1 per cent, Alphabet added 0.41 per cent, and Microsoft slipped 0.57 per cent.
In the bond market, the 10-year Treasury yield rose to 3.67 per cent from 3.65 per cent late on Tuesday….
