Stocks Near Flat Sunday Night After Rate Cut-Fueled Rally

are near flat Sunday night after excitement over last week's interest rate cut propelled the blue-chip index to a record closing level.lower interest rates by 50 basis points, which was notably above 42,000. All three of the major indexes added more than 1% for the week, during which the

"The reality is that neither 25 nor 50 bps of rate cuts will materially change the near-term economic trajectory," he said."But the signal is important nonetheless, and markets responded the following day taking the S&P 500 Index to a new all-time high."

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