Indexes rallied Thursday, with tech stocks leading the Nasdaq to rise 2.5% as investors continued to digest Wednesday's jumbo rate cut from the Fed.

After Fed rate cut, the next 6 months will be crucial for investors. Here’s why. Traders brace for volatility as more than $5 trillion in options set to expire in latest ‘triple witching’. Nvidia’s stock is surging. Here’s how it tends to perform after interest-rate cuts.

The federal funds rate is a benchmark that influences other interest rates throughout the economy. The Federal Reserve doesn't control the federal funds rate directly. Instead, it uses various monetary policy tools to steer the benchmark toward a target range, which is currently 4.75% to 5%.