That bell marks the end of regulation. Garmin, we're going to pose some bell with the New York Stock Exchange,

beat our partners doing the honors at the NASDAQ, and stocks are mixed after the Fed's decision to cut interest rates by a quarter point.

Check out the intradate chart of the S&P 500, briefly popped into positive territory following the decision,

slid as Chair Powell spoke and recovered most of the losses.

The yield on the 10-year also shifting. It fell at first, dipping below 4%, then moved higher.

Similar chart pattern for the dollar index down at first, then spiking higher.

And gold did touch a new all-time high today before pulling back.

Silver down nearly 3%. Copper also lower, maybe profit taking after a

rally. That's a score called on Wall Street, but winter stay late. Welcome to closing bell overtime. I'm

John Fort. Morgan Brennan is off today. Today's big story is the Fed and the market reaction.

Got a great lineup of reporters and guests covering every angle, including one of the people in contention for a Fed seat.

David Zervos of Jeffries, he said the Fed should cut by 75 basis points.

We'll get to him in just a moment.

Well, let's start with the market reaction to the Fed's decision.

Our Christina Parts. Nevelis is here with a recap of today's action. Christina. Well, the Fed cut rates and markets did exactly what you'd expect. Jump first and ask questions later. John, you talked about that. And after the initial euphoria wore off, we saw some selective moves. Starting with the Russell 2000 had, I would say, maybe the wildest ride out of all the indexes or indices. These smaller debt-heavy companies love rate cuts, and the index actually hit an all-time

closing high before pulling back and closing two-tenths of a percent low, higher, I should say.

Homebuilders started strong, makes sense with the hopes of cheaper mortgages, but couldn't stick

the landing, both the ITB and XHB did close lower over just about 1% in the red.

Regional banks were the real winners today, up 1.5% roughly snapping a three-day losing streak.

Larger names like Truist, M&T jumped mostly almost 2% higher.

Rate cuts really boost loan demand while easing pressures on their funding costs.

It's essentially a double win for these guys, but it wasn't all good news.

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