<figure id="attachment_3036329" aria-describedby="caption-attachment-3036329" style="width: 1600px" class="wp-caption aligncenter"><img loading="lazy" class="wp-image-3036329 size-full" src="https://media.freemalaysiatoday.com/wp-content/uploads/2025/04/a2e780c4-wall-street-9.jpg" alt="Wall Street" width="1600" height="1000" /><figcaption id="caption-attachment-3036329" class="wp-caption-text">A file photo of the New York Stock Exchange, which reacted positively to the rate cuts and measures taken by major corporations. (EPA images pic)</figcaption></figure>
NEW YORK: US equity indices finished at fresh records Thursday following the Federal Reserve&#8217;s first interest rate cut of 2025 while Intel surged on Nvidia&#8217;s announcement it would take a stake in its rival.
All three major indices ended at fresh all-time records, with the S&amp;P 500 up 0.5 percent at 6,631.96.
The Dow Jones Industrial Average climbed 0.3 percent to 26,142.42, while the tech-rich Nasdaq Composite Index jumped 0.9 percent to 22,470.73.
The Fed on Wednesday agreed to trim interest rates by 25 basis points in an effort to buttress a weakening employment market.
The US central bank signaled it could cut interest rates two more times in 2025, although those decisions will depend on how the world&#8217;s largest economy evolves.
The move &#8220;was really a validation and confirmation that Fed officials are looking to move policy towards neutral, so the direction of travel for interest rates &#8230; is going to be lower,&#8221; said Angelo Kourkafas of Edward Jones.
&#8220;So far, growth is holding up, the economy is chugging along. And that restricts a bit&#8230; how much easing the Fed will deliver,&#8221; he predicted.
Among individual companies, Intel shot up nearly 23 percent after Nvidia announced it would invest $5 billion in its struggling rival. Nvidia rose 3.5 percent.
The move comes after US President Donald Trump&#8217;s administration announced last month that the US government would take a 10 percent equity stake in Intel.
Cybersecurity company CrowdStrike surged 12.8 percent as the company outlined its data protections for AI technology at a gathering in Las Vegas, leading some equity analysts to raise their price target on the equity.

MatchPoint Times

US stocks end Thursday at record highs after Fed rate cut, Nvidia-Intel deal

All three major indices ended at fresh all-time records, with the S&P 500 up 0.5 percent at 6,631.96.

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