Today At A Glance:

The Fed cut rates by 25 bps, with Chair Powell calling it a “risk-management” move and signaling room for additional easing this year. Stocks finished mixed—the Dow rose while the S&P 500 and Nasdaq slipped—as traders parsed Powell’s remarks and the new dot plot. Financials helped the Dow, while mega-cap tech wobbled on growth and policy headlines. Standout moves: New Fortress Energy surged on a multi-year LNG supply deal with Puerto Rico; Workday rallied on an Elliott stake; Lyft jumped on a Waymo partnership. On the downside, Nvidia fell after a report of China curbs, and Uber slid as Lyft’s news stole the ride-hailing spotlight.

Today’s Index Performance:

• Dow Jones Industrial Average (^DJI) — The Dow opened today at 45,778.40 and closed today at 46,018.32, with the percentage change of +0.52%.
• S&P 500 (^GSPC) — The S&P 500 opened today at 6,604.87 and closed today at 6,600.35, with the percentage change of −0.07%.
• Nasdaq Composite — The Nasdaq opened today at 22,333.02 and closed today at 22,261.33, with the percentage change of −0.32%.

Gainers Of Note:

• New Fortress Energy (NASDAQ: NFE) – LNG infrastructure & supply; +~32% after Puerto Rico announced a $4B, multi-year LNG contract with the company.
• Workday (NASDAQ: WDAY) – Cloud HR software; +~9–10% as Elliott Management disclosed a >$2B stake and backed leadership.
• Lyft (NASDAQ: LYFT) – Ride-hailing; +~14% on plans with Waymo to launch autonomous rides in Nashville next year.

Losers Of Note:

• Nvidia (NASDAQ: NVDA) – AI/GPU leader; −~2.3% after a report that China’s internet regulator asked major tech firms to halt purchases of its chips.
• Uber Technologies (NYSE: UBER) – Ride-hailing; −~4.4% as Lyft’s Waymo announcement pressured the peer trade.
• Tesla (NASDAQ: TSLA) – EV & AI platform; −~1.6% amid broader tech weakness post-Fed.

Active Traders Of Note:

• American Express (NYSE: AXP) – Card & payments; active as financials lifted the Dow following the Fed cut and curve-path parsing.
• Goldman Sachs (NYSE: GS) – Investment bank; brisk turnover, contributing to the Dow’s gain and marking a new 52-week high.
• Caterpillar (NYSE: CAT) – Heavy equipment; actively traded as cyclicals participated in the Dow’s advance.

Looking Forward:

With the first cut delivered, markets will gauge how quickly follow-on easing could arrive—Powell downplayed a bigger move but projections imply more cuts later in 2025. Expect continued dispersion: financials may benefit from evolving rate-path expectations, while AI and megacap tech could stay sensitive to policy and China headlines. Thursday’s calendar (claims, Fed speak, and any dot-plot re-reads) will shape whether today’s mixed finish turns into follow-through or fade.

Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.

THIS NEWSLETTER IS PARTNERED WITH ROBINHOOD.COM AND IS FINANCIALLY SPONSORED BY THAT SERVICE.

TO BEGIN YOUR INVESTMENT JOURNEY TODAY, USE THIS LINK TO SET UP YOUR ACCOUNT.