
Stocks hit record highs on news that the Fed maintained its "three rate cuts this year" outlook, while crypto markets rallied.
On the New York Stock Exchange (NYSE), the Dow Jones 30 industrial average closed up 401.37 points, or 1.03%, at 39,512.13, while the Standard & Poor's 500 index rose 46.11 points, or 0.89%, to 5224.62. The tech-heavy Nasdaq Composite Index gained