The Russell 2000, which tracks small caps, rallied on Thursday, outpacing large-cap benchmarks as investors piled into interest-rate-sensitive stocks a day after the Federal Reserve cut rates by 25 basis points and signaled more easing ahead.
All three major large-cap indexes hit fresh records: the S&P 500 rose to 6,650, the Dow Jones Industrial Average climbed to 46,200, and the tech-heavy Nasdaq 100 jumped 1.3% to 24,550.
