18.09.202520:02:17UTC+00US Stocks Extend Records

On Thursday, all three major Wall Street indices closed at unprecedented highs following the Federal Reserve's decision to resume interest rate reductions, signaling the likelihood of further cuts later this year. The S&P 500 experienced a 0.5% uptick, the Nasdaq 100 advanced by 0.9%, both extending their records from the previous session, and the Dow Jones Industrial Average increased by 123 points. Investors reacted positively to the Fed's quarter-point cut and the possibility of an additional two reductions, interpreting this move as a pivot toward promoting economic growth rather than focusing solely on inflation control. The technology sector spearheaded the market rally, highlighted by Intel's impressive surge of over 22% after Nvidia announced a $5 billion partnership to co-develop chips, leading to Nvidia's own gain of 3.5%. Economically, initial jobless claims notably decreased to 231,000 from a four-year peak, easing concerns about potential labor market weaknesses.