U.S. stocks close higher following Fed's third rate cut of 2025

NEW YORK, Dec. 10 (Xinhua) -- U.S. stock indices closed higher on Wednesday, after the Federal Reserve decided to implement its third consecutive interest rate reduction of the year, which brought the federal funds rate target range to 3.5 to 3.75 percent. The Dow Jones Industrial Average surged 497.46 points, or 1.05 percent, to settle at 48,057.75. The S&P 500 advanced 46.17 points, or 0.67 percent, closing at 6,886.68, falling short of a new all-time...