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Stock market today: Nasdaq clinches record, Dow, S&P 500 dip as Fed cuts rates, Powell downplays December cut

US stocks ended mixed on Wednesday after the Federal Reserve's decision to cut interest rates for the second time this year. Stocks erased some momentum after Fed Chair Jerome Powell indicated a December rate cut is "far from" a forgone conclusion. The S&P 500 (^GSPC) ended the day down fractionally, while the tech-heavy Nasdaq Composite (^IXIC) rose 0.5% to notch another fresh all-time high. The Dow Jones Industrial Average (^DJI) slipped 0.2%. The central bank delivered a quarter-point rate cut on Wed ...