Stocks are racing ahead today, with 🐠tech stocks out i๊n front. 

The S&P 500 is climbing in Thursday morning trading, up about 1.7%. Its IT sector was recently up some 3.4%, while the communications services sector—home to companies like Facebook parent Meta Platforms (META), Netflix (NFLX) and Alphabet (GOOGL)—was ahead by 2.4%. The consumer discretionary sector, which includes Tesla (TSLA) and Airbnb (ABNB), was up about 2%.

All of the 澳洲幸运5官方开奖结果体彩网:Magnificent Seven stocks—Meta, Alphabet and Tesla, as well as Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN) and Apple (AAPL)—were recently in the green, led by Tesla and N🦩vidia. The PHLX🥂 Semiconductor Index was up close to 5%. 

The Federal Reserve yesterday kicked off a rate-cutting cycle, 澳洲幸运5官方开奖结果体彩网:cutting its benchmark rate by 50 basis points and setting the table for 澳洲幸运5官方开奖结果体彩网:further cuts ahead. Today that’𒀰s been g🍬ood news for tech stocks, as well as leading cryptocurrencies. Bitcoin recently traded around $63,255.  

Not all of the benchmark S&P 500 was rising. Staples, utilities and real estate stocks were recently in the red. The blue-chip Dow industrials also rose, though a third of its components were recently in retreat.