• Dow, S&P 500 up, Nasdaq down
• Industrials lead sector gainers; tech lags
• Fed expected to cut rates on Wed
• Crude, dollar, gold, bitcoin all down
• US 10-year Treasury yields ease to 4.17%

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STOCKS MIXED, TECH WEAKENS BEFORE EXPECTED FED RATE CUT

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Stocks were mixed on Wednesday, with the Dow Jones Industrial Average (.DJI) , opens new tab and S&P 500 (.SPX) , opens new tab recording modest gains, while the Nasdaq Composite (.IXIC) , opens new tab is in the red, ahead of an expected rate cut by the Federal Reserve.

Traders are cautious, with Fed Chair Jerome Powell expected to strike a hawkish tone over future rate cuts as he presides over an increasingly divided U.S. central bank that is weighing high inflation against a weakening labor market.

Fed funds futures traders are pricing in 91% odds of a rate cut, and traders will focus on how many officials dissent to the move. Policymakers are also due to update their economic and interest rate projections for the coming quarters.

Industrials (.SPLRCI) , opens new tab is the best performing sector ahead of the decision, while tech (.SPLRCT) , opens new tab is the laggard. The U.S. dollar , gold , crude oil and bitcoin are all lower on the day, while benchmark 10-year Treasury yields have eased to 4.17%.

Here is Tuesday’s opening market snapshot:

(Karen Brettell)

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EARLIER ON LIVE MARKETS:

GIMME CREDIT FLAGS BIG DEBT RISKS IN NETFLIX'S WARNER BROS DISCOVERY DEAL CLICK HERE STAPLES STUCK: HSBC WARNS 2026 WON'T BE A PICNIC FOR CONSUMER GIANTS CLICK HERE HIGH HO, SILVER! CLICK HERE

BELLIES PINCHED AS CENTRAL BANK EXPECTATIONS SHIFT CLICK HERE

ONE BITCOIN BULL HAS CUT THEIR FORECAST AS "COLD BREEZE" BLOWS CLICK HERE

STOXX DIPS CLICK HERE

BEFORE THE BELL: EUROPE DIPS ON FED DAY; DELIVERY HERO SHINES CLICK HERE

ONE LAST HURDLE REMAINS FOR THE YEAR CLICK HERE

https://www.reuters.com/world/asia-pacific/live-markets-stocks-mixed-tech-weakens-before-expected-fed-rate-cut-2025-12-10/