Yahoo Financeยท2025-09-18 01:15Market Reaction to Fed Rate Cut - The S&P 500 initially gained after the Fed's quarter-point cut on September 17 but closed 0.10% lower [2] - Nasdaq fell 0.33%, while the Dow Jones Industrial Average (DJIA) closed 0.57% higher, reaching a new 52-week high [2] - The small-cap index, Russell 2000, increased by 0.18%, approaching its previous 52-week high post Fed announcement [2] Stock Performance Highlights - Workday Inc. was a top performer in the S&P 500, rising 7.2% [4] - Lyft saw a significant gain of 13.1% [3] - Nvidia experienced a decline of 2.6% [3] Nvidia's Challenges - Nvidia's stock fell 2.6% due to China's ban on several technology companies from purchasing its products, aimed at promoting domestic industry [5] - The company faced accusations of violating China's anti-monopoly law, contributing to its stock decline [6] - Despite challenges, Nvidia announced a partnership to enhance AI infrastructure in the UK, collaborating with Nscale, Coreweave, and Microsoft [7]