The New York stock exchange was in a radiant mood on Thursday after the American central bank Federal Reserve's lowering of the interest rate by 0.5 percentage points.
When the interest rate cut was presented on Wednesday, it did not lead to any major fluctuations on the stock exchange. But on Thursday, it was different and the leading indexes rose significantly.
The broad S&P 500 index rose 1.7 percent, the Dow Jones industrial index increased 1.3 percent, while the technology-heavy Nasdaq composite index rose 2.5 percent.
For both the S&P 500 and the Dow Jones, it meant that the indexes reached new record levels, writes CNBC.
During Thursday's trading, tech stocks performed strongly. Semiconductor giant Nvidia rose 4.0 percent, while Apple rose 3.7 percent. Microsoft and Google's parent company Alphabet increased 1.8 and 1.5 percent, respectively.
