Yahoo Finance·2025-12-11 05:29Market Performance - Wall Street set records with the S&P 500 increasing by 0.2% and the Dow Jones Industrial rising by 646 points, or 1.3%, surpassing its previous record [1] - The Nasdaq composite lagged, decreasing by 0.3% due to weakness in AI stocks [1] Economic Indicators - Concerns about the Federal Reserve's interest rate decisions and the profitability of investments in AI technology have been prevalent [2] - The Federal Reserve cut its main interest rate for the third time this year, with indications of another potential cut in 2026, which is generally favorable for market conditions [4] Company Performance - Goldman Sachs and Visa saw gains of 2.5% and 6.1% respectively, contributing significantly to the Dow's rise [6] - The Walt Disney Company increased by 2.4% after announcing a $1 billion investment in OpenAI, which includes a three-year agreement for content collaboration [6] - Eli Lilly's stock rose by 1.6% following positive clinical trial results for a treatment related to obesity and knee osteoarthritis [7] - Planet Labs PBC experienced a significant increase of 35% after reporting stronger-than-expected quarterly results [7] Market Sentiment - The Russell 2000 index, representing smaller U.S. stocks, increased by 1.2%, indicating positive sentiment towards smaller companies benefiting from lower interest rates [5] - The Federal Reserve's chair, Jerome Powell, provided reassurance to investors with comments that were less severe than anticipated regarding future interest rate cuts [5]