Wall Street mixed as Fed rate cut decision nears

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Wall Street mixed as Fed rate cut decision nears

By Johann Cherian,Pranav Kashyap
Publication Date: 2025-12-09 13:06:00

  • Indexes: Dow up 0.30%, S&P 500 up 0.12%, Nasdaq off 0.14%
  • U.S. to allow Nvidia H200 chip shipments to China
  • Warner Bros fight heats up with $108 bln hostile bid from Paramount

Dec 9 (Reuters) – Wall Street’s main stock indexes were mixed on Tuesday as investors awaited the Federal Reserve’s policy decision and assessed conflicting signals over the future of U.S. AI chip exports to China.

U.S. President Donald Trump said he would allow Nvidia to ship H200 processors, its second-most powerful AI chips, to China but would collect a 25% fee on those exports.

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However, Nvidia shares that had risen as much as 2% in premarket trading, slipped and were last down 0.7% after a Financial Times report that said Beijing was set to limit access to those chips.

“While the deal does not include the most powerful Blackwell chips, it is a positive step towards maintaining the current good trade relations between the two largest economies,” said Achilleas Georgolopoulos, senior market analyst at brokerage XM.

Shares of Advanced Micro Devices (AMD.O), opens new tab and Intel (INTC.O), opens new tab also lacked clear direction in morning trading despite President Trump saying that a similar approach would apply to other semiconductor companies.
At 9:51 a.m. ET, the Dow Jones Industrial Average (.DJI), opens new tab rose 148.64 points, or 0.30%, to 47,880.89, the S&P 500 (.SPX), opens new tab gained 8.47 points, or 0.12%, to 6,854.98 and the Nasdaq Composite (.IXIC), opens new tab lost…

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