All right, that's the end of regulation. CACI International ringing the closing bell at the New York Stock Exchange.

And Becta Corp doing the honors at the NASDAQ record closes again for the S&P 500 and the NASDAQ.

As the Fed cuts rates by a quarter point, the post-election rally continues to gain steam.

We're watching the Dow and where that settles right now because it is on the cusp of a close.

Maybe not.

We'll see as well.

That is the scorecard on Wall Street, but the action is just getting started.

Welcome to closing bell over time.

I'm Morgan Brennan.

John Ford is off today.

Well, coming up this hour, we have a great lineup to help break down the Fed decision and the cross currents in the market, including David Zervos from Jeffries, High Tower, Stephanie Link, former Fed economist Vincent Reinhart, and Evercore ISI's Julian Emanuel. Plus, it's another big afternoon of earnings. We're headlined by Affirm, Airbnb, Block, Rivian, and Draft Kings,

but there are many more. We'll have all the numbers and interviews with the CEOs of Rivian

and Affirm before their analyst calls. Let's get straight to the action, though.

High Tower Chief Investment Strategist Stephanie and Jeffrey's chief market strategist, David

Zervos, both Stephanie and David are CNBC contributors. And it's great to

have you both here to kick off this hour. David, I'm going to start with you. You're on set with me.

Obviously, the big news of the day is the Fed cutting by 25 basis points. But after a year, several

years where it's really been, the Fed has been the biggest mover of the markets. Not the case.

We are still talking about animal spirits with the 49th record closed for the S&P since the

start of the year.

Absolutely.

I think it definitely goes down as one of the most boring Fed meetings we've had in a long

...