The Federal Reserve slashed interest rates by 50BP and US stocks collectively closed lower

On September 19, the Federal Reserve sharply cut interest rates by 50 basis points. US stocks closed down collectively on Wednesday. The Dow closed down about 102 points or 0.25%, the S & P 500 index fell 0.29%, and the Nasdaq index fell 0.31%. Intel (INTC. O) fell 3.26%, Trump Media Technology Group (DJT. O) fell 3.22%. Nasdaq China Golden Dragon Index closed down 0.86%, NIO (NIO. N) fell 7.03%, XPeng Motors (XPEV. N) fell 4.49%, and Dingdong Maicai (DDL. N) fell 4.39%.