U.S. Stocks Hit Records as Fed Rate Cut Sparks Rally; Crypto Assets Gain Attention
U.S. equities surged to all-time highs following the Federal Reserve's signal of looser monetary policy, with the S&P 500, Nasdaq, and Dow Jones Industrial Average each setting intraday records. The Russell 2000 small-cap index led gains, jumping 2.4%—its strongest performance since November 2021—as investors bet on improved financing conditions for growth-sensitive companies.
Amid the risk-on momentum, speculative interest is expanding beyond traditional equities. HYLQ Strategy Corp's Hyperliquid HYPE token has emerged as an unexpected talking point, reflecting broader appetite for alternative growth plays. While no major cryptocurrencies were directly mentioned in the rally, the market's hunger for leveraged opportunities could spill over into digital assets.
