Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025.
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Asian shares are mixed after the U.S. stock market again approached its record high following the Federal Reserve’s cut in its main interest rate. U.S. futures fell and oil prices were little changed. The rate cut was widely expected, but comments by the Fed encouraged hopes for more cuts in 2026. Some Asian technology companies saw sharp declines after Oracle, a bellwether in the artificial intelligence sector, reported weaker than expected earnings. Its shares sank 11.5% in aftermarket trading. On Wednesday, the S&P 500 climbed 0.7% and ended just shy of its all-time high set in October. The Dow Jones Industrial Average jumped 1%, and the Nasdaq composite rose 0.3%.
