Stocks jumped in the afternoon as investors shrugged off initial concerns from the Fed’s dot plot. Tech stocks led the charge after the Federal Reserve cut its benchmark interest rate by 25 basis points. The first rate cut of 2025 fueled optimism on Wall Street, with major indexes like the S&P 500 and Nasdaq poised to open at record levels. Lower interest rates are positive for stocks, driving capital into the equity market. Luxfer (LXFR) saw a significant move, with shares up 13.3% since the beginning of the year. A strategic partnership with Reynolds Logistics for the HyHaul project in the UK boosted Luxfer’s position in the growing hydrogen energy sector.

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