Stocks gain, yields little changed after Fed's hawkish cut

Stocks gained and Treasury yields remained stable after the Federal Reserve cut rates by 25 basis points and signaled a likely pause in further reductions. The Dow Jones Industrial Average led gains, followed by the S&P 500, while the Nasdaq pared losses. Industrials led sector gains, with communication services lagging. The Fed's decision reflected a cautious approach to balancing economic indicators and inflation concerns. Three Fed policymakers dissented, advocating for no change or a larger cut.