U.S. stock market hits record highs after Federal Reserve cuts interest rates.

The U.S. stock market reached record highs on Thursday after the Federal Reserve announced a significant interest rate cut. The Dow Jones Industrial Average surged by approximately 500 points, marking a 1.7% increase, while the S&P 500 also surpassed its previous all-time high. This move prompted a global rally in markets, reflecting optimism about sustained employment and declining inflation.