Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rally

The positive momentum in the stock market is likely to continue given the favorable reaction to the Fed's rate cut, especially benefiting growth and technology stocks. Investors are optimistic about the potential for sustained economic growth amid lower interest rates, which could encourage further market investment.

Tech stocks, particularly large-cap names, appeared to rebound strongly following the Fed's announcement, suggesting continued investor confidence in this sector. Major players such as Microsoft and Tesla are seen as potential strong performers as they leverage lower borrowing costs for expansion and innovation.

Investors may also seek opportunities in broader market indices that have consistently shown resilience and upward momentum, driven by favorable economic policies. As the Fed indicates a willingness to support further growth, SPY (S&P 500 ETF) could benefit significantly in the coming weeks.