U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years.

The S&P 500 surged to a record high close on Thursday, the day after the Federal Reserve cut interest rates by 50 basis points and indicated more rate cuts were on the horizon. The blue chip Dow Jones Industrial Average also registered a record closing high,

Stocks were either up big, or down a lot, in the year after the first Federal Reserve interest rate cutting cycle, according to a team led by Keith Lerner, co-chief investment officer at Truist Advisory Services.

The US Federal Reserve's recent decision to cut its benchmark interest rate by 50 basis points has sparked a range of opinions amongst experts regarding its impact on emerging markets such as India. While some view the rate cut as a potential boost for investment inflows,

U.S. stocks on Wednesday mostly held on to their gains in volatile trade, as Wall Street digested the implications of the Federal Reserve's supersized 50 basis point rate cut and its signal that more easing was ahead.