Stock Market Today: Dow climbs 100 points after Fed's historic rate cut of 50 basis points

U.S. stocks rose after the Federal Reserve lowered its benchmark interest rates by 50 basis points to a range of 4.75% to 5%. That was the first rate cut in over four years that marked the beginning of a monetary-easing cycle in the world's largest economy.

The Dow Jones Industrial Average was rising over 250 points, or 0.6%, to around 41,828 as of 2:03 p.m. Eastern time, according to FactSet data.

The S&P 500 was rising 0.8%, at 5,673.

The Nasdaq Composite was up 0.9%, to trade at 17,796.

DJIA

DJIA (Dow Jones Global)