The major averages are performing well with each of the major averages setting new all time highs one day after the Federal Reserve lowered interest rates by a quarter percent. The Dow Jones Industrial Average rose over 200 points, or 0.5%. The S&P 500 rose 50 points or 0.75% while the Nasdaq Composite rose 268 points or 1.2%. The Russell 2000 small-cap index is leading the rally today, 2% on pace for a new record close, set to surpass its last high close posted in Nov. 2021. Small cap companies in the Russell 2000 tend to benefit from lower interest rates as they often rely more on external funding for their operations and growth compared to larger, cash-rich firms.