Dow surges 500 points as Fed-fueled stocks set records

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The Dow Jones Industrial Average (^DJI) rose more than 600 points to trade above the 42,000 level for the first time as a broader market rally hit session highs on Thursday on the back of a jumbo Fed rate cut.
The Dow rose 1.5%, while the S&P 500 (^GSPC) climbed nearly 2%, also touching a fresh record.
The tech-heavy Nasdaq Composite (^IXIC) led the market rally, rising almost 3%.
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