CommSec’s Tom Piotrowski says the US markets have “embraced” the US Federal Reserve’s decision to cut interest rates by a quarter of a percentage point.

“That hit a new record high last night, along with the Nasdaq, the S&P 500 and the Dow Jones.

“That, as much as anything else, is a reflection of the way that the market has embraced the latest interest rate decision from the US Federal Reserve.”

Presented by CommSec.

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