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How the Fed's rate cut and this week's election made for record-breaking market rallies

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Banks,Interest Rates,Jerome Powell

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points. It was a unanimous decision. The Fed's widely expected move at the end of its November meeting came one day after the S & P 500 surged to a post-election record high.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

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