US Equity Indexes Lower After FOMC Minutes Reveal Support for Keeping Rates Unchanged

04:34 PM EST, 12/30/2025 (MT Newswires) -- US equity indexes fell on Tuesday after Federal Open Market Committee minutes revealed that officials who voted to support a rate cut said "they could have supported keeping the target range unchanged."

Looking ahead, most participants said that additional rate cuts would be appropriate if inflation continued to fall, but some of them indicated it would be appropriate to keep rates unchanged "for some time."

The Nasdaq Composite fell 0.2% to 23,419, with the S&P 500 down 0.1% to 6,896.2 and the Dow Jones Industrial Average lower by 0.2% to 48,367. The financials sector led the decliners, while energy and communication services led the gainers.

In economic news, the Institute for Supply Management's Chicago PMI print was 43.5 in December, up from 36.3 in the month prior, and higher than the 39.8 expected in a survey compiled by Bloomberg.

US house prices rose 0.4% in October, according to the US Federal Housing monthly House Price Index, compared with a downwardly revised 0.1% decline in the month prior.

The Dallas Federal Reserve's services index reading fell to minus 3.3 in December from minus 2.3 in the month prior, in line with other services readings.

In company news, Meta Platforms (META) said late Monday it acquired AI startup Manus to expedite the rollout of general-purpose AI agents for consumers and businesses. The deal values Manus at over $2 billion, according to media reports. Meta shares were up 1.1%.

Tesla (TSLA) said late Monday that analysts estimated that the company made 422,850 deliveries in Q4, down from 495,570 a year ago. Analysts polled by FactSet expect 447,000 deliveries. Shares of Tesla fell 1.1%.

Applied Digital (APLD) and EKSO Bionics (EKSO) said they entered a non-binding term sheet to combine Applied Digital's (APLD) cloud computing unit with EKSO Bionics (EKSO) to establish a new compute platform called ChronoScale. EKSO shares rose 93%.

Fly-E Group (FLYE) said late Monday the company received a Nasdaq letter confirming it has regained compliance with listing rules. Shares of the company rose 34.3%.

US Treasury yields were mixed, with the 10-year yield up 0.8 basis points to 4.124% and the two-year lower by 1.7 basis points to 3.448%.

West Texas Intermediate crude oil futures fell 0.2% to $57.94 a barrel.

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