Fed Cuts Rates, Markets Rally; Software Stocks Mixed

Stocks surged on Wednesday following the Federal Reserves third interest rate cut this year, setting the key borrowing rate between 3.5% and 3.75%. Fed Chair Jerome Powell acknowledged the impact of tariffs on inflation. While investors are optimistic, experts warn of potential market volatility due to uncertain interest rates and conflicting economic data. Software companies saw mixed results, with Synopsys and Planet Labs rallying, while Adobe and Oracles stocks dipped and fell, respectively.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.