That's the end of regulation. Avery Denison ringing the closing bell at the New York Stock Exchange, the US Department of State Bureau of Consular Affairs doing the honors at the NASDAQ.

What a day! Stocks giving up initial gains after a 50 basis point cut from the Fed. This was the first rate

cut since the start of the COVID pandemic back in 2020. The Dow have been up

375 points at the highs touching a new record. We saw a new record for the

S&P 5002. The NASDAQ giving up a 1% gain.

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

Welcome to Closing Bell overtime.

I'm Morgan Brennan with John Port.

Yeah, we've got a great lineup of experts here

to break down the Fed decision

and what to do next with your portfolio,

including David Serboos from Jeffries,

Barbara Durand from BD8,

former Boston Fed president Eric Rosengren, global markets expert

Mark Mobius and tech investor Dan Niles.

Let's begin with our market panel, B.D.A. Capital Partners, CEO Barbara Duran and Jeffrey's chief market

strategist and c. M. B.C. contributor David, David, I'm going to start with

you because we went back and forth in stocks, post-fed and as Powell was talking in his press conference but

major average was averages with the exception of the Russell 2000 finishing the

day lower you had yields across the curve higher dollar weaker gold reaching a new record too.

What does this tell us about the market's at least initial reaction to what we heard today?

Well actually Morgan I think you're 100% right, although the dollar strengthened quite a lot of the

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