US stocks showed minimal change after the Federal Reserve (Fed) cut interest rates by half a point.
This action, combined with confidence for a "soft landing" in the US economy, triggered a high rise on Wall Street.
On Thursday, the Dow Jones and the S&P 500 rose 1.26% and 1.7%, respectively, with both hitting new record highs.
The Nasdaq Composite, dominated by technology companies, jumped 2.51%, marking its highest close in two months.
Leading this upward momentum are megacap tech giants such as Nvidia, Tesla, Apple, Meta Platforms and AMD, all of which saw strong stock gains.
Sectors closely linked to economic growth, such as finance, industry and materials, also saw an increase.
Additionally, small-cap stocks continued their upward trend for the seventh straight session.
However, after-hours trading saw some differences. FedEx fell 11% following a downgrade in their full-year earnings and revenue forecast, while Nike rose 7.6% after announcing the resignation of CEO John Donahoe coming in October.
