The Fed cut rates three times in a row to close out 2025 in an attempt to shore up the job market. Three of the “Magnificent 7” tech giants reported mixed results after the bell on Wednesday. Meta shares jumped 8.8% after the company behind Facebook and Instagram cruised past Wall Street’s sales and profit goals. In Asia, gains for some technology companies reporting strong earnings failed to give shares in Tokyo much of a lift as the Nikkei 225 rose less than 0.1% to 53,375.60. Elsewhere in Asia, South Korea’s Kospi surged 1.0% to 5,221.25, hitting a fresh record as computer chipmaker SK Hynix picked up 2.4% on a strong earnings report.