"Stocks Reach Record Highs as Fed Signals Planned Rate Cuts"

The US stock market reached record highs after the Federal Reserve decided to maintain interest rates and projected three rate cuts this year, in line with market expectations. The S&P 500, Dow Jones, and Nasdaq all saw significant gains. The Fed's updated economic forecasts included a boost in the outlook for economic growth, leading to a rally in economic sensitive sectors. Additionally, Mizuho Americas director David Bellinger suggested that a housing market recovery will benefit Lowe's more than Home Depot due to its increased exposure to DIY home improvement.