Web Trader MT5 
The Federal Reserve cut interest rates by 25 basis points on Wednesday, lowering the federal funds target range to 3.5%–3.75%. But the decision was highly contentious, the vote split 9–3. Alongside the rate cut, the Fed announced it will resume buying Treasury bills, starting with a $40 billion purchase on 12 December.
S&P and Nasdaq responded positivley to the cut, however, markets later slipped as weak quarterly results from Oracle reignited concerns about the sustainability of big tech’s AI-driven rally. Oracle shares plunged 11% after hours, dragging down other AI names. Nasdaq 100 futures fell more than 2%, while S&P futures dipped 0.1%.
The pullback followed a strong Wednesday session, when stocks rallied after the Federal Reserve delivered its third rate cut of the year and ruled out further hikes. The Dow climbed nearly 500 points, and small-cap stocks hit a record close thanks to lower borrowing costs. However, investors remain cautious, with some warning that the Fed’s “wait-and-see” stance means future rate cuts may be slower or fewer than markets expect.
Asia-Pacific markets turned lower on Thursday. Japan’s Nikkei 225 was down 0.9%. Hong Kong’s Hang Seng lost 0.1%, and China’s CSI 300 dropped 0.2%.
Silver hit a new record high following the Fed’s decision surging to $62.88 before retreating in early trading this morning. Prices currently hover around $61.70 per ounce. Gold pushed to $4,247 before retracing 1%, but the precious metal is still trading above $4,200 level.
In the forex market, the dollar was under pressure falling 0.44% to 98.54 before stabilizing around 98.75. This pushed major currency pairs higher. EURUSD broke above 1.1700 yesterday and is currently trading at a major resistance level of 1.1680.
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