Kevin Heal | Source | Sr. Analyst at Argus Research

The S&P 500 closed flat Wednesday. Stocks initially fell after the Federal Reserve cut interest rates by a quarter percentage point but recovered after chairman Jerome Powell said he was not ruling out further rate cuts. The Nasdaq closed lower. Argus Research senior analyst Kevin Heal: SOUNDBITE: ARGUS RESEARCH SENIOR ANALYST KEVIN HEAL (ENGLISH) SAYING: "Even though we dropped a little, it's kind of like to me, it's kind of like a no-big-deal kind of thing. We're looking at you know, fundamentally, nothing's really changed. A lot of it was baked into the market already." Shares of FedEx plummeted and were the biggest decliner on the S&P 500. The delivery company sharply slashed its profit forecast for next year. It blamed U.S.-China trade tensions, weaker international activity, and the loss of its contract with Amazon.com. ALSO DOWN ON WEDNESDAY WAS Adobe. The maker of the Photoshop editing software issued a disappointing forecast for revenue in the current quarter. AND Investors...