My views on todays market behavior.

As we know about fed rate cuts is a good news for the market but still us market fell nasdaq down 3 percent dow down 2 percent because fed said not to expect more cuts in 2025. Gift nifty is in green 0.13 at 8.27am so by this I can say market can start with a upside move but can reverse back to continuing the downtrend. Please do share your opinion and what do you think of my analysis.