Stocks Rise After Fed Cuts Rates 25 Basis Points

Market Overview - The KBW bank index increased by approximately 2.6% [3] - The S&P 500 closed at a record high of 6886, up about 46 points or 0.7% [7] - The Dow Jones Industrial Average rose nearly 500 points or 1% [7] - The Nasdaq composite added about 0.3% [7] - The Russell 2000 index increased by about 1.3% [7] Sector Performance - Nine out of eleven sectors finished in the green, with industrials leading at a 1.8% increase [9] - Utilities declined by about 0.1%, while consumer staples were flat [9] Notable Stock Movements - Ivanova shares surged by 16%, marking the largest one-day gain on record, driven by a dividend doubling and raised earnings projections [10][11] - Warner Brothers Discovery shares rose by 4.5%, influenced by President Trump's comments regarding any potential deal needing to include CNN [12][17] - Cisco shares reached a record high, the first since the dot-com bubble burst in 2000, after a seven-day rally [15] Company-Specific Developments - Netflix shares fell by 4.2%, marking a six-day losing streak, attributed to the competitive bidding for Warner Brothers Discovery [16][18] - HCA Healthcare shares dropped by 4% following reports of potential Medicare pay cuts [19] - Instacart's parent company, Maple, saw a 6% decline amid broader losses in the gig economy sector due to Amazon's expanded delivery services [20] Earnings Reports - Oracle reported a 36% increase in cloud revenue and a 71% increase in cloud infrastructure revenue, but shares fell by about 6% in after-hours trading [21][25] - Adobe's fourth-quarter adjusted EPS beat estimates, with shares rising by about 2% following the report [23][24]