US Stock Market today: The Wall Street benchmark indices like the Dow Jones, Nasdaq, and S&P 500 hit their record high levels on Tuesday, 28 October 2025, as the US Federal Reserve begins its two-day policy meeting to determine the rate cuts for the US economy.
All eyes are now on the US Federal Reserve’s decision, which will be announced after the FOMC’s policy meeting ends on Wednesday, 29 October 2025.
In the September policy announcement, the US Fed decided to cut the benchmark interest rates for the first time since US President Donald Trump took charge of White House in Janaury 2025. The central bank cut the interest rates by 25 basis points to the range of 4.00% to 4.25%.
The US Fed also said that the committee will analyse more data to chart the path forward for further rate cuts in 2025.
At 9:30 a.m. (EDT) opening bell, the Dow Jones Industrial Average rose 0.44% to open at 47,752.35 points. The S&P 500 rose 0.33% to open at 6,897.74 points, while the Nasdaq Composite rose 0.55% to open at 23,766.463 points on Tuesday’s market session.
(This is a developing story. Please check back for updates)
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