Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates.

Wall Street ripped gains on Thursday, with market participants taking confidence from the Federal Reserve's bumper half-point rate cut the previous day and jumping back into growth stocks. With a night to digest the Fed's decision,

The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve will cut interest rates by half a percentage point.