The U.S. New York stock market is showing mixed movements on the 29th (local time). The Dow Jones Industrial Average rose by 0.16%, while the tech-centric Nasdaq index fell by 0.57%. Nvidia, shocked by the AI chatbot showcased by Chinese AI startup DeepCheck, has plummeted by more than 4%.
Currently, the Dow Jones Industrial Average is recorded at 44,920.62, up 0.16% from the previous session. The Nasdaq index and the S&P 500 index are trading at 19,621.8 (down 0.57%) and 6,051.62 (down 0.27%), respectively.
Nvidia (4.66%), Tesla (1.54%), Microsoft (1.01%), Google Alphabet (0.33%), Apple (0.25%), and Meta (0.24%) are showing a downward trend. In contrast, global Starbucks (6.15%), ASML (4.54%), and Amazon (0.12%) are experiencing stock price increases due to strong performance.
Market observers widely expect the U.S. Federal Reserve (Fed) to announce a freeze on the benchmark interest rate (4.25% to 4.50%) on this day. However, President Donald Trump has stated that a rate cut is necessary, so it remains to be seen how far Federal Reserve Chairman Jerome Powell will comment on the direction of interest rates.