Fueled by the Federal Reserve's aggressive cut in the benchmark rate on Wednesday, Wall Street set all-time highs Thursday as investors signaled approval of the long-anticipated move.
The Dow Jones Industrial Average and the S&P 500 broke record highs one day after the Fed's 50 basis points reduction in interest rates from 23-year highs. The so-called "jumbo cut" marked the first time the Fed has lowered rates in more than four years.
