U.S. Stock Market Opens Higher, S&P 500 Hits New Intraday Record High

According to Jin10, U.S. stock indices opened sharply higher following a significant interest rate cut by the Federal Reserve. The Dow Jones Industrial Average rose by 1.13%, the S&P 500 gained 1.5%, and the Nasdaq increased by 2.3%. Notable performers include Coinbase, up by 5.45%, and MicroStrategy, which surged 6.63%. Major tech stocks also rallied, with Nvidia (NVDA.O) rising 3.7%, Apple (AAPL.O) up 1.9%, and Microsoft (MSFT.O) climbing 2.2%. The S&P 500 reached a new intraday all-time high.