Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve's big cut to interest rates.

The S&P 500 and the Dow hovered near their record highs and were on track for weekly gains of over 1%, along with the tech-heavy Nasdaq

U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years.