US stock indexes show mixed performance ahead of Fed's expected third interest rate cut this year.

US stock indexes are mixed ahead of the Federal Reserve's meeting, expected to cut interest rates for the third time this year to boost the job market and control inflation. The Nasdaq composite hit a record high, while the S&P 500 rose 0.4% and the Dow Jones fell 0.3%. Traders anticipate a few more cuts in 2025, but expectations have decreased due to inflation concerns. MicroStrategy's stock surged due to rising Bitcoin prices, while Treasury yields remained steady.

3 months ago
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