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jack test S&P

A tech-led rally brought new record highs for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) Thursday as investors digested a fresh interest rate cut from the Federal Reserve and Donald Trump's electoral victory. In a widely expected move, the Fed cut interest rates by 25 basis points on Thursday, lowering its benchmark rate to a range of 4.5% to 4.75%. The S&P 500 rose roughly 0.7%, while the tech-heavy Nasdaq Composite moved nearly 1.5% as shares of chip heavyweight Nvidia (NVDA) and e-commerce giant Amazon (AMZN) rose to new highs. Meanwhile, the Dow Jones Industrial Average (^DJI) traded right around the flat line, on the heels of a 1,500-point gain that marked the blue-chip gauge's best day since 2022. In bonds, a recent move higher in yields took a breather, with the 10-year Treasury yield (^TNX) falling about 8 basis points to 4.34%.    Read more at Datatrack