Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Dec. 10, 2025.
As featured on
The U.S. stock market neared its all-time high after the Federal Reserve cut its main interest rate to bolster the job market, and hopes strengthened for more cuts to come in 2026. 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%. The rate cut was widely expected. Some investors found encouragement from comments by Fed Chair Jerome Powell, which they said were less forceful about shutting down the possibility of future cuts than they had been anticipating. Treasury yields eased.
A sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off. The S&P 500 rose 0.1% Thursday and was hovering around its all-time high set in October. Drops for AI-related stocks dragged the Nasdaq composite down 0.4%. Oracle at one point was heading toward its worst loss since 2001 on worries about how much it plans to spend on AI infrastructure. But most stocks on Wall Street rose, and the Dow Jones Industrial Average jumped 600 points. Treasury yields were mixed after a report showed more U.S. workers applied for unemployment benefits.
