Mumbai, Oct. 30 -- The tech-heavy Nasdaq climbed 130.98 points or 0.6 percent to a new record closing high of 23,958.47, the S&P 500 edged down 0.30 points or less than a tenth of a percent to 6,890.59 and the Dow fell 74.37 points or 0.2 percent to 47,632.00.

Wall Street experienced late-day volatility after Federal Reserve Chair Jerome Powell's remarks tempered optimism following the Fed's widely expected quarter-point rate cut to a 3.75%-4.0% range. Powell cautioned that another cut in December is "not a foregone conclusion," revealing sharp divisions among Fed officials and emphasizing uncertainty caused by delayed government data.

His comments sparked a swift market reaction, with the CME FedWatch Tool showing the probability of un...