Internet reported that on Thursday, the Federal Reserve announced its first interest rate cut in 2025 and hinted that it would cut interest rates further in the future. Risk appetite permeated Wall Street, and the U.S. stock market rose sharply. Thursday's rally in U.S. stocks marked a reversal in traders 'initial reaction to the Federal Reserve's decision on the previous session, when Wall Street took profits from over-gainers in technology stocks. Robert Schein, chief investment officer of wealth management firm Blank Schein, said: "The Fed's interest rate cuts at a time when stocks are at record highs and the economy is still growing is a very unique backdrop because Fed interest rate cuts are often related to economic issues. This dynamic is good for the stock market."