Major stock indexes traded mixed on Wednesday, with the Dow Jones Industrial Average slipping nearly 0.2% to 47,632 and the S&P 500 holding steady at 6,890.59, while the Nasdaq gained 0.55% to 23,958.47.

The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.75%-4.00% and announced it would halt the runoff of its securities holdings starting Dec. 1, ending its quantitative tightening program. The decision, which saw two dissenting votes, reflected the Fed's cautious approach amid slowing job growth, moderate economic expansion, and lingering inflation pressures.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Meta Platforms Inc. (NASDAQ:META)

Meta saw a slight increase of 0.03% in its stock, closing at $751.67. The stock hit an intraday high of $759.16 and a low of $742.51, with a 52-week range of $796.25 to $479.80. In the after-hours trading, the stock dropped by over 7% to $696.30.

The company’s third-quarter earnings included a one-time, non-cash income tax charge of $15.93 billion. Meta Platforms reported revenue of $51.24 billion, up 26% year-over-year and above estimates, with adjusted earnings per share of $7.25. CEO Mark Zuckerberg highlighted strong performance in AI and wearable tech, noting major investments ahead. Despite the upbeat results, Meta shares fell in extended trading.

Alphabet Inc. (NASDAQ:GOOG)

Alphabet Class C shares experienced a 2.51% increase, closing at $275.17. The stock reached an intraday high of $275.97 and a low of $268.43, with a 52-week range of $275.97 to $142.66. In the after-hours session the Class C shares rose 6.73% to $293.69.

The company’s Class A stock (NASDAQ:GOOGL) gained 2.65% for the day at $274.57. GOOGL gained 6.72% in the after-hours trading and rose to $293.01.

Alphabet reported third-quarter revenue of $102.35 billion, up 16% year-over-year and above estimates, with earnings of $2.87 per share. Growth was fueled by gains across Search, YouTube, and Cloud, while CEO Sundar Pichai highlighted rapid AI adoption and Gemini's 650 million users. Despite strong results, the company projected higher capital spending in 2025.

Chipotle Mexican Grill Inc. (NYSE:CMG)

Chipotle saw a decrease of 1.24% in its stock, closing at $39.76. The stock hit an intraday high of $40.65 and a low of $39.59, with a 52-week range of $66.74 to $38.30. In the after-hours trading, the stock fell 16.5% to $33.19.

Chipotle reported third-quarter earnings of $0.29 per share, matching estimates, while revenue of $3 billion slightly missed expectations of $3.02 billion. Comparable restaurant sales and margins declined modestly, and the company opened 84 new locations.

Microsoft Corporation (NASDAQ:MSFT)

Microsoft experienced a slight decrease of 0.10% in its stock, closing at $541.55. The stock reached an intraday high of $546.27 and a low of $536.73, with a 52-week range of $555.45 to $344.79. The shares fell almost 4% to $519.99 in the after-hours trading.

Microsoft reported first-quarter revenue of $77.7 billion, up 18% year-over-year and above estimates, with earnings of $4.13 per share. Earnings per share in the period beat the Street’s $3.67 estimate. Growth was driven by strong cloud and AI performance, including a 40% jump in Azure revenue. Shares fell 3% in after-hours trading despite the upbeat results.

Starbucks Corporation (NASDAQ:SBUX)

Starbucks saw a decrease of 1.47% in its stock, closing at $84.17. The stock hit an intraday high of $84.89 and a low of $83.28, with a 52-week range of $117.46 to $75.50.

Starbucks reported fourth-quarter revenue of $9.57 billion, beating estimates, while adjusted earnings of $0.52 per share fell short of the $0.56 estimates. Global comparable store sales rose 1%, with international growth offsetting flat North American sales. Shares climbed 1.8% in after-hours trading.

Benzinga's Edge Stock Rankings indicate Meta stock has a value in the 25th percentile. Here is how the stock is placed among other tech bigwigs.

Prepare for the day’s trading with top premarket movers and news by Benzinga.

Photo Courtesy: MMD Creative on Shutterstock.com

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal