The Fed cut rates by a half percentage point on Wednesday, surprising some traders who anticipated a quarter-point reduction.
S & P 500 and Nasdaq-100 futures were also up sharply, boosted by gains in tech.
Data shows gains ahead And the data shows if a recession is avoided, Fed rate cuts lead to strong gains for stocks.
The rate cut also took place with the S & P 500 trading around record levels.
"Over the past 40 years, the Fed has cut rates 12 times with the S & P 500 within 1% of an all-time highs.
Persons:
Canaccord Genuity, Tom Essaye, BTIG, Jake Fuller
Organizations:
Federal, Federal Reserve, Dow, Dow Jones, Nasdaq, JPMorgan