Stocks Shoot to Record Highs

Market Performance - The S&P 500 index increased by 0.5% and is on track to surpass its previous record close from September 15 [1] - The Nasdaq Composite rose by 0.8%, also aiming for a record close [1] - The Dow Jones Industrial Average gained 54 points, reflecting a 0.1% increase [1] Federal Reserve Actions - The Federal Reserve recently lowered interest rates by a quarter of a point [2] - The Fed has forecasted two additional rate cuts by December and a third cut anticipated in 2026 [2]