Stocks Keep Climbing as Fed Cuts Rates.

Stocks reached record highs as investors reacted positively to a quarter-percentage point rate cut from the Federal Reserve following Donald Trump's election victory. The S&P 500 and Nasdaq Composite both hit records, with big tech stocks leading the gains. While the financial and industrial sectors pulled back, sectors like real estate and utilities saw gains. Earnings reports from companies like Lyft, Zillow, and Warner Bros. Discovery also influenced stock movements. Oil prices rose, and Bitcoin reached a new all-time high. [Extracted from the article]