Stock market today: Dow, S&P 500 close at record highs, Nasdaq surges amid rate cut euphoria

The recent uptick in the stock market, with major indices reaching new all-time highs, indicates strong investor confidence, primarily driven by the Federal Reserve's rate cut and positive economic signals such as falling jobless claims. The tech sector is notably benefiting from this environment, particularly companies like Nvidia and Tesla which have shown remarkable gains. Given the current momentum, I foresee a continued upward trend in key ETFs and tech stocks.

Consumer packaged goods stocks have historically performed well following rate cuts. Companies like Procter & Gamble, PepsiCo, and Campbell's, likely to benefit with increased spending power among consumers. The report indicates that these firms may outperform their peers, indicating stability and potential growth in this sector. Investors might consider looking into related ETFs or stocks given current trends.

Gold is anticipated to continue its uptrend as the Fed's cuts typically drive investors towards safe-haven assets, with predictions of reaching $2,700 per ounce. This environment will likely increase demand for gold and related ETFs such as GLD. Investors interested in commodities may find gold to be an advantageous investment moving forward.