Wall Street Climbs on Earnings and Fed Rate Cut Expectations [Video]

U.S. stocks were mixed on Thursday while investors awaited the Federal Reserve’s decision on interest rates, scheduled for later in the day.

The S & P 500 gained 0.4 percent in early trading, although its momentum slowed significantly after a sharp rise the day before following Donald Trump‘s presidential victory.

The Dow Jones Industrial Average fell 62 points, or 0.1 percent, while the Nasdaq composite rose 0.7 percent.

McKesson, a health care services company, led the market’s gain, jumping 8.1 percent after reporting stronger-than-expected quarterly profits.

The company benefited from growth in its pharmaceutical business and raised its profit forecast for the year.

How Will the Interest Rate Cut Impact Americans?

The key focus for the market was …