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affected by the federal reserve's interest rate cut, the u.s. stock market fluctuated and closed down on the 18th.as of the close of the day, the dow jones industrial average fell 103.08 points from the previous trading day to close at 41,503.10, a drop of 0.25%; the s&p 500 fell 16.32 points to close at 5,618.26, a drop of 0.29%; and the nasdaq composite fell 54.76 points to close at 17,573.30, a drop of 0.31%.

the u.s. federal reserve announced on the 18th that it would lower the target range of the federal funds rate by 50 basis points to a level between 4.75% and 5.00%. this is the first interest rate cut by the federal reserve since march 2020, and it also marks a shift from a monetary policy tightening cycle to an easing cycle. (cctv reporter cao jian)

(source: cctv news)

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