Wall Street hits record highs after Fed rate cut

US equities set new records post-Fed cut, but cautious guidance restrained expectations of sustained gains.

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3 days ago

Wall Street hits record highs after Fed rate cut

Wall Street hits record highs after Fed rate cut
US stock markets closed at record levels after the Federal Reserve reduced interest rates by 25 basis points. The S&P 500 and Dow gained as investors welcomed easier monetary conditions. However, hawkish commentary from the Fed tempered expectations of aggressive rate cuts in 2026. Rising bond yields weighed on select growth stocks, limiting the scope of a broader rally.