The Federal Reserve recently lowered interest rates for the first time this year.

The S&P 500 went through a rough patch earlier this year as investors worried about U.S. President Donald Trump's import tariffs and how they might affect the economy. The U.S.' move to negotiate with countries and show flexibility relieved some of the tension. Companies went on to generally report strong earnings, and investors maintained optimism that potential interest rate cuts might further support growth.

All this helped the major benchmark take off, led by many of the technology giants and growth players that have soared in recent years -- such as artificial intelligence chip giant Nvidia , and software company Palantir Technologies . In fact, the S&P 500 has reached record levels in recent tim

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