The Economic Times·2025-10-30 06:07Federal Reserve Actions - The Federal Reserve lowered the overnight benchmark rate to a target range of 3.75% to 4.00%, marking the second rate cut this year [1] - Following the announcement, traders reduced expectations for a December rate cut from 90% to 71% [1] Stock Market Performance - Nvidia's stock rose 3% to $207.04, achieving a market value of $5.03 trillion and leading the AI rally with over 50% growth this year [2][1] - The Dow Jones Industrial Average fell by 74.37 points (0.16%) to 47,632.00, while the S&P 500 lost 0.30 points to 6,890.59, and the Nasdaq Composite gained 130.98 points (0.55%) to 23,958.47 [1] Company Earnings Reports - Caterpillar reported a third-quarter profit that exceeded expectations, resulting in an 11.6% increase in its shares [1] - Meta Platforms shares fell over 8% in extended trading, Microsoft declined by 1%, and Alphabet's shares rose approximately 5% following their quarterly reports [3][1] Market Breadth and Volume - On the NYSE, declining issues outnumbered advancers by a ratio of 2.16-to-1, with 476 new highs and 170 new lows [6] - The Nasdaq saw 1,453 stocks rise and 3,306 fall, with a declining issues ratio of 2.28-to-1 [6] Notable Stock Movements - Cambium Networks Corporation (CMBM) led the gainers with a remarkable increase of +377.35%, followed by Prenetics Global Limited (PRENW) at +96% and VSee Health, Inc. (VSEEW) at +85.01% [8][10] - Quhuo Limited (QH) experienced the largest decline at -84.48%, with Advent Technologies Holdings, Inc. seeing significant losses across two listings [10]