Wall Street Extends Gains as Dow Jones Soars

In premarket trading on Thursday, major US stock indexes continued their upward trajectory, with the Dow Jones Industrial Average climbing over 300 points, or 0.75%, at 8:38 am ET. This surge follows the Federal Reserve's decision to cut interest rates by 25 basis points, a move that has been well-received by the markets.

Fed Chair Jerome Powell expressed optimism about the US economy's progress in 2025, further boosting investor confidence. The Nasdaq 100 and S&P 500 also saw significant gains, rising 0.72% and 0.77% respectively at the same time.

In currency trading, the euro strengthened against the dollar, gaining 0.39% to trade at $1.04054 by 8:38 am ET.