US markets soared on Thursday (Sept. 19), following the Federal Reserve's recent announcements, with both the Dow Jones and S&P 500 closing at all-time highs.

In light of the progress on inflation and the balance of risks, Fed decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent.

The blue chip index closed above the psychologically significant 42,000 level for the first time ever Thursday.

Industrials push above 42000 in delayed response to Fed lowering rates; tech shares and risky assets rise.

Wall Street stocks finished little changed Tuesday as investors weighed how better than expected retail sales data would affect a Federal Reserve decision.

With the stock market's surge on Thursday to fresh records, something extra has been taking hold of equities in the wake of the Federal Reserve's big rate cut. The "Magnificent Seven" mega-cap technology stocks,