Shares of cosmetics companies traded mixed Tuesday after the Federal Reserve cut a key interest rate to a record low to ease the nation's economic slide.

The Fed cut its benchmark federal funds rate, or the interest rate at which banks charge each other, to between zero and 0.25 percent from 1 percent set in late October. The Fed made clear it wants to keep the funds rate at extremely low levels.

The Fed has never pushed that rate target below 1 percent.

On the rising side, shares of Avon Products Inc. gained 39 cents to $23.03, and shares of Estee Lauder Cos. rose 92 cents, or 3.3 percent, to $30.15.

Meanwhile, Revlon Inc.'s stock slid 27 cents, or 4.5 percent, to $5.75. The shares hit an all-time low of $5.65.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.