Stocks finish mostly lower even after the Fed cut interest rates and said it will stop shrinking its balance sheet on Dec. 1. Separately, investors are preparing for earnings from three of the Mag 7 mega-cap stocks after the close.

Among exchange traded funds, the Invesco QQQ TrustQQQ was up 0.2%. Also, the SPDR S&P 500 ETFSPY moved up 0.1% ahead of Tuesday's market open. Discover Profitable Trades Each Day With MarketDiem. See How.

S&P 500 and Nasdaq also score all-time highs; Milei victory boosts Argentine assets

The US Federal Reserve's FOMC is set to announce its two-day policy outcome on Wednesday, 29 October 2025. Experts predict that the central bank is set to further reduce its interest rates by another 25 basis points after its September rate cuts.

In stocks, American Express topped the Dow by jumping more than 7% and climbing above its 329.14 buy point. Shares soared as the credit card giant raised its outlook and beat third-quarter expectations. Apple AAPL was the Dow's second-best performer, up 2%.

Nvidia unleashes new deals; earnings roll in from UPS, UnitedHealth

The Dow, S&P 500, and Nasdaq are rising Wednesday ahead of the Federal Reserve's latest interest-rate decision and Big Tech earnings.