Nasdaq 100 close to record highs after Fed cuts rates

The US stock markets have not much reacted to the rate cut just announced by the Fed. Perhaps under more normal circumstances, stocks might have reacted more positively, but of course they were already on a tear anyway and setting fresh records all over the place. So, as this Fed move mattered much? Well, not really and besides it was so well telegraphed anyway. Earlier today the Nasdaq 100 went another step further in terms of writing the record books, when it reached a new all time high, at 21,078. It is not much below that high right now, but certainly not charging higher again just yet. Has it done enough for the day perhaps? That remains to be seen, but for sure the markets are as greedy as ever to keep pushing this higher and in truth there is very little to quench that appetite right now. The Nasdaq 100 is just now trading at 21,066