Stocks Hit New Records in a Rate Cut Rally

Group 1 - The stock market reached new record highs following an interest rate cut, with the Dow Jones Industrial Average rising by 124 points, or 0.3% [2] - The S&P 500 increased by 0.5%, while the Nasdaq Composite saw a rise of 0.9%, all achieving fresh record closing highs [2] - The Russell 2000 index also set an intraday record and was on track for its first closing high since 2021 [2] Group 2 - The yield on the 2-year Treasury note rose to 3.57%, and the 10-year yield increased to 4.1% [2]