US Markets Today: Dow, Nasdaq, and S&P 500 Scale New Record Highs as Fed Policy Meet Begins

US Stock Market Update | 28 October 2025: Major Wall Street benchmarks — the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 — surged to fresh all-time highs on Tuesday as the US Federal Reserve commenced its two-day monetary policy deliberations. Investors are closely monitoring the Federal Open Market Committee (FOMC) meeting, with the interest rate decision expected on Wednesday, 29 October 2025. The outcome will provide further clarity on the central bank’s stance toward additional rate cuts aimed at supporting the US economy. During its September policy review, the Fed reduced the benchmark lending rate by 25 basis points, bringing it down to the 4.00%–4.25% range — marking the first rate reduction since President Donald Trump assumed office in January 2025. The central bank also emphasized that it will continue to evaluate upcoming economic data before outlining the trajectory of future policy easing through the remainder of 2025. Market Performance At the opening bell (9:30 a.m. EDT), the Dow Jones Industrial Average advanced 0.44% to 47,752.35, up from 47,544.59 in the prior session. By 11:10 a.m. (EDT), the index was trading 0.53% higher at 47,794.77 points, signaling continued optimism ahead of the Fed’s policy announcement.