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Nasdaq blasts off as stocks surge the day after Fed rate cut

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Nasdaq Composite News

Federal Reserve,Brad Smith,Dow Jones Industrial

After closing Wednesday lower, US stocks have woken up to the reality of the Federal Reserve's 50-basis-point cut and are off to the races. The Dow Jones...

You can see playing out in Midtown and also downtown at the New York Stock Exchange.When you take a look at the major averages, we're right near record highs at record highs here at the Open, talking about the huge move to the upside.Let's pull up the big number here, up at just over 1% shooting high here, up over 500 points here at the Open, you got the S and P 500 also moving to the upside now above 5700 waiting for the Tech or the NASDAQ composite.

And we were just talking about the fact that we are seeing a lot more excitement surrounding some of those chip plays and namely NVIDIA leading that charge. Um, I just said a few minutes ago 50 basis points has me a little bit concerned, but we are not seen That concern reflected today in the markets.It is up about seven basis points to 3.75% and you can see this is over three months as well.But nevertheless, uh, here we have the tenure up a little bit.Uh, end, uh, ends up.Just show you real quick that the mega cap sectors of tech and consumer discretionary really jumping right here.

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