The Australian stock market is currently at an all-time high, while the American stock market has reached its highest point to date.

Thursday saw a rise in the US stock market as investors reacted favorably to the Federal Reserve's intriguing 50% interest rate decrease. The Dow Jones increased by 522 points, setting a new milestone as it crossed the 42,000 barrier for the first time. The "S&P 500" closed at a record high after rising 1.7% and breaking beyond 5,700 points for the first time.

The Nasdaq Composite, on the other hand, rose 2.51 percent and ended the day at 18,13 points. The value of technology sector companies' listed shares increased on the US market. About 4% increased in Nvidia's share price. Tesla's stock rose 7.36 percent, while Meta's jumped by 3.9 percent.

Conversely, as reported by CNN, Apple's share price rose by 3.71 percent. The Asian stock market had a rise on Friday as well. Hong Kong's stock market, Korea's Kospi, and Japan's Nikkei 225 have all seen gains. The Federal Reserve lowered interest rates by half a percentage point on Wednesday. This is the first interest rate reduction since the Covid-19 outbreak began.

Next year, savings will decline if the Fed keeps lowering interest rates. Relief should be provided to the populace. This may lessen the unemployment rate. However, there's a chance that it will increase inflation as well, which might undermine the Fed's attempts to keep inflation under control.

The Fed's most recent move demonstrates its change in focus from lowering inflation to increasing employment. Fed Chairman Jerome Powell expressed his belief to reporters on Wednesday that the labor market and the overall economy are still robust. However, he issued a warning, saying that the job market is not as robust as it was prior to the Covid epidemic.

Ronald Temple, chief market strategist at Lazard, stated in a letter on Wednesday that "the Fed provided insurance to keep the labor market from weakening." Other countries' markets have also been impacted by the Fed's interest rate drop.

Conversely, the Australian stock market has also hit a record high. 'AU 200' index has surpassed 81 thousand there. it is currently the highest. A number of nations have had their stock markets hit their greatest point to date, including South Africa, Argentina, Indonesia, India, and Pakistan.