Today, the stock market experienced a significant boost, with the Dow Jones Industrial Average climbing by five hundred points, a one percent increase. The S&P five hundred also rose by zero point seven percent, nearly reaching a new record high. The tech-focused Nasdaq Composite gained almost zero point three percent, and the smaller Russell two thousand index hit an all-time high. This rally followed the Federal Reserves decision to cut interest rates by a quarter of a percentage point, marking the third rate cut this year. However, the central bank indicated a slower pace of future cuts, projecting only one more cut for the year two thousand twenty-six. The Feds decision wasnt unanimous, with some officials preferring to keep rates steady and others pushing for an even larger cut. During his press conference, Fed Chair Jerome Powell acknowledged the challenges in balancing the Feds goals and suggested that tariffs would likely be a one-time price increase. Looking ahead, several companies are set to release their earnings reports, including Oracle, Broadcom, Costco, and Lululemon. Additionally, shares of US manufacturer GE Vernova soared over fifteen percent after the company announced it was doubling its dividend.

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