Wall Street’s main indexes hit record-high closes after the Fed’s quarter-point rate cut. Intel surged 22.8% as Nvidia invested $5 billion. AMD slipped 0.8%. Nvidia recovered from losses, boosting the semiconductor index by 3.6%. The Russell 2000 hit its first record high since November 2021. Fed Chair Powell prioritizes job market softening. The Dow rose 0.27%, S&P 500 gained 0.48%, Nasdaq up 0.94%. Unemployment benefit applications fell. Rate cut expected to fuel market rally, AI-linked stock trading revival. CrowdStrike up 12.8%, Darden Restaurants down 7.7%. NYSE advancing issues surpass decliners 1.87-to-1, Nasdaq 2.5-to-1. S&P 500 with 31 new highs, Nasdaq with 156 new highs.

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