Moving higher by more than 1.65 percent today, the indices had their best day of the week.
This is the fifth time that the Fed cut its Fed Fund rate since last September, and four times, including today, the indices posted gains on the next day. And the NASDAQ increase of 1.74 percent on Thursday is its largest response in this cycle of Federal Reserve action.
The indices also increased on the second day after the announcement, with just one exception, while the largest increases, on the day after since last Septembers cut were 1.01 percent for the S&P500 and .88 percent for the DJIA.
DJIA 1.67 percent
NASDAQ 1.74 percent
S&P500 1.68 percent