Wall Street ends mixed after Fed's rate cut

The Dow rose 260.42 points, or 0.57%, to 46,018.32, the S&P 500 lost 6.41 points, or 0.10%, to 6,600.35 and the Nasdaq lost 72.63 points, or 0.32%, to 22,261.33.

NEW YORK: The Nasdaq and the S&P 500 closed lower in choppy trading on Wednesday, after the US Federal Reserve cut interest rates by an expected 25 basis points and Fed chair Jerome Powell cited the weak job market.

The Dow closed higher after meandering during Powell's speech.