Fed rate cuts drive up sectors, U.S. stocks hit record highs

U.S. stocks hit a record high on Thursday, amid optimism boosted by the Federal Reserve's interest rate cut. The S&P 500 rose 0.48% to 6,631.96 points; the Nasdaq rose 0.94% to 22,470.73 points; and the Dow Jones rose 124 points to 46,142.42 points. Small-cap stocks rose 2.4%, while Intel shares soared 22.8% as Nvidia's $5 billion investment. HYLQ Strategy Corp, which focuses on HyperLiquid HYPE tokens, has attracted much attention for cryptocurrency-related stocks benefiting from growth expectations.