Stocks Surge Following Fed's Interest Rate Cut and Increased Liquidity Measures

Market Performance: The S&P 500, Dow Jones, and Nasdaq 100 all closed higher, with the S&P 500 reaching a 6-week high following a 25 basis point interest rate cut by the Fed and a more dovish outlook from Fed Chair Powell.

Fed Policy Changes: The Federal Reserve raised its GDP forecasts for 2025 and 2026 while lowering its core PCE price estimates, indicating a potential pause in interest rate cuts as they assess economic conditions.

Corporate Earnings: Q3 earnings for S&P 500 companies showed strong performance, with 83% exceeding forecasts and an overall increase of 14.6%, significantly above the expected 7.2%.

Stock Movements: Chipmakers saw gains, while mobile grocery delivery services declined after Amazon expanded its delivery services; notable stock movements included Photronics rising over 45% and GameStop falling over 4%.