Wall Street climbed to fresh record highs after the Federal Reserve delivered its first interest rate cut in nine months, hinting that more reductions could be on the way.

VOO ETF has set new all-time highs this week. Check live chart here.

On Thursday, the S&P 500, Nasdaq 100, Dow Jones and small-cap Russell 2000 all closed at all-time highs as investors celebrated the Fed's move.

Fed Rate Cuts

At its September meeting, the central bank lowered rates by 25 basis points to a target range of 4%–4.25%, in line with expectations, as policymakers shifted their focus toward a cooling labor market.

The decision wasn't unanimous: Fed Gov. Stephen Miran, appointed by President Donald Trump to replace Adriana Kugler, who resigned last month, argued for ...