The stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow, the S&P 500 and the Nasdaq to all-time highs. The Fed rate cut the next day was icing on the cake for market bulls,

U.S. stocks are ticking higher ahead of the Federal Reserve’s announcement coming later in the afternoon about what it will do with interest rates.

Stocks were mixed ahead of today's rate-cut announcement by the Federal Reserve, with financials weighing on the Dow Jones Industrial Average. Two of the three major indexes closed in the green on confirmation of current expectations, as investors and policymakers continue to price in the impact of Donald Trump retaking the White House.