The market has finally processed the good news.

This report is from CNBC Daily Open today, our international markets newsletter. CNBC Daily Open gives investors everything they need to know, no matter where they are. Like what you see? You can subscribe This.

New heights
WE Stocks rose on Thursday. The S&P 500 And Dow Jones Industrial Average marked a new record close, while tech heavyweights Nasdaq Composite had its fourth best day of the year, boosted by protests in technology. Asia-Pacific Market mostly Friday rosesJapan’s Nikkei 225 index rose about 1.7% as the country’s core consumer price index rose an expected 2.8% year-on-year.

Stable exchange rates in China and Japan
Two major central banks in Asia made interest rate decisions on Friday. The People’s Bank of China has left One-year and five-year preferential loan interest rates remain unchanged at 3.35% and 3.85% respectively, far exceeding expectations. Bank of Japan also keep interest rates steady at “around 0.25%” a move in line with estimates in a Reuters poll.

Technology surges
After taking a day to digest The US Federal Reserve cuts interest ratesInvestors flocked to tech stocks. On Thursday, Tesla increased by 7.4%, Nvidia increased by 4% and Apple up 3.7%. Supported by those stocks, Nasdaq up 2.5%, fourth largest one-day gain in 2024. The biggest price increase this year was a 3% increase on February 22.

“Recalibrate”
Fed Chairman Jerome Powell uses the word “recalibration” appeared to reassure investors that the central bank’s 50 basis point cut was not a worrying. This signals that the Fed is not reacting to a slowing economy but shifting its focus to ensuring employment does not decline further, CNBC’s Jeff Cox writes.

[PRO] Commodity price fluctuations
Stocks have rallied after the Fed cut interest rates. Lower interest rates also tend to increase demand for commodities – but it’s not always that simple. To predict the performance of commodities like gold, copper and oil, analysts from Citi and HSBC Look at their historical movement after the cut.

Washington may also be singing about market behavior. Shortly after the Fed announced huge cut rate On Wednesday, stocks hit a new high before fall in red later that day.

But twenty-four hours later, after investors assessed that a half-point cut could not heralding the onset of a recessionMajor indexes rose sharply and closed at record highs.

The S&P rose 1.7% to end at 5,713.64, the first time the broad index has broken above the 5,700 ceiling. Likewise, Slope closed at 42,025.19, breaking above 42,000 for the first time, after the index rose 1.26%.

The Nasdaqfueled by a rally of names like Tesla, Nvidia And Applewas the biggest gainer among the major indexes, up 2.51%, marking its fourth-best day of growth this year.

And while history shows that September isn’t a good month for stocks, it also tells us that when the S&P hits a record high during the month, the fourth quarter is likely to be strong. Since 1950, this pattern has played out 20 out of 22 times, Oppenheimer notes.

Indeed, BMO is so bullish on the market that the bank has raised its year-end target for S&P to 6,100 – up 8.6% from Wednesday’s close – Wall Street’s Highest Prediction.

“Like our last bullish target in May, we continue to be surprised by the strength of the market’s gains and have once again decided that something larger than an incremental correction is needed,” chief investment strategist Brian Belski wrote to clients in a note on Thursday.

At the end of Washington’s song, she croons, “What a difference one day makes / And the difference is you.” Perhaps Powell felt like Washington was singing to her.

– CNBC’s Alex Harring, Fred Imbert, Hakyung Kim and Lisa Kailai Han contributed to this article.