The Federal Reserve's interest rate cut ignites Wall Street's enthusiasm, and the U.S. stock market reverses into a wait-and-see sentiment.

On Thursday, the Federal Reserve announced the first interest rate cut in 2025 and hinted at further cuts in the future. Risk appetite sentiment permeated Wall Street, and the U.S. stock market rose sharply. The rise in the U.S. stock market on Thursday marked a reversal in traders' initial reaction to the Federal Reserve's decision the previous trading day, when Wall Street had taken profits on overvalued tech stocks. Robert Schein, Chief Investment Officer of wealth management firm Blanke Schein, said, "The Federal Reserve cutting interest rates while the stock market is at historic highs and the economy continues to grow is a very unique backdrop, as rate cuts from the Federal Reserve are usually associated with economic issues. This dynamic is favorable for the stock market."