Fed Rate Cut Sparks Tech Rally, Boosts Nasdaq

The U.S. stock market surged as the Federal Reserve cut interest rates by 25 basis points, with the Nasdaq Composite rising over 1.3% led by Nvidia and Amazon. This move comes amid optimism following Donald Trump's presidential election victory, which has fueled expectations of economic growth through corporate tax cuts and deregulation. The Fed's decision to lower rates to 4.5%-4.75% aims to support stable prices and full employment, though it raises questions about future rate cuts. Meanwhile, tech stocks continue to rally, and mortgage rates have risen amid election volatility.