US stocks closed mixed on Wednesday after the Federal Reserve cut interest rates for the first time this year. Fed officials voted in favor of a 25 basis point reduction, a move highly anticipated by the market, following the central bank's two day policy meeting. The Dow Jones Industrial Average (^DJI) rose 0.5%, while the S&P 500 (^GSPC) dropped 0.1% and the tech-heavy Nasdaq Composite (^IXIC) fell 0.3%. Fed Chair Jerome Powell said during a press conference that the Fed decision was a "risk management ...