Here’s how stocks historically perform after Fed rate cuts when trading near record highs

The Fed decided on Sept. 17 to resume its rate-cutting cycle. - Kevin Dietsch/Getty Images The path for the U.S. stock market, which is trading near all-time highs, is probably higher after the Federal Reserve last week decided to lower its benchmark interest rate, according to LPL Financial. “Since 1984, the Fed has cut rates 28 different times when the S&P 500 was within 3% of an all-time high,” said Adam Turnquist, LPL’s chief technical strategist, in a note Wednesday. “After the cut, the broader mark ...