Wall Street Rises Near Record After Fed Rate Cut

• Wall Street nears all-time high after Federal Reserve cuts interest rates as anticipated.
• The S&P 500 rose 0.4%, Dow Jones 0.8%, and Nasdaq 0.1% following the rate cut.
• Fed officials project one more rate cut by the end of 2026, despite internal divisions on economic priorities.
• Bond yields decreased, with the 10-year Treasury at 4.16% and the two-year yield at 3.56%.
• GE Vernova, Palantir, and Cracker Barrel saw gains, while GameStop's stock fell.

Why It Matters: Fed rate cut affects market performance and future economic conditions.