Wall Street priced a quarter-point cut and the possibility of another. It looks like that’s exactly what is shaping up after the central bank’s latest meeting.

The S&P 500 and Nasdaq regain their 50-day lines and Treasury yields fall in a bullish day two Fed reaction. SpaceX, AMD, Moderna are buys.

In the latest trading session, Dow Inc. (DOW) closed at $29.49, marking a -1.96% move from the previous day. This change lagged the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.

All three major U.S. stock benchmarks were up in the final hour trading and on track to snap three straight days of declines. The Dow was up around 350 points, or 0.7%, while the S&P 500 was gaining 1.

The stock market retreated after the Federal Reserve raised interest rates for the first time since 2023, signaled one more hike by year-end and Fed chief Kevin Warsh stressed inflation was "too high.

The Dow Jones Industrial Average is a group of 30 stocks in various categories that represent some of the largest and most important companies in the U.S. It doesn't change frequently, but it replaced Verizon with Google-parent Alphabet ( GOOG +1.53%)( GOOGL +1.77%) in June.

Leidos has trailed the broader market over the past year, although analysts remain cautiously optimistic about its prospects.

Stocks rebounded with the Nasdaq and S&P 500 jumping back above key support. Generac, Nebius, Bloom Energy, SpaceX were early winners.