Indexes rallied Thursday, with tech stocks leading the Nasdaq to rise 2.5% as investors continued to digest Wednesday's jumbo rate cut from the Fed.

With the stock market's surge on Thursday to fresh records, something extra has been taking hold of equities in the wake of the Federal Reserve's big rate cut. The "Magnificent Seven" mega-cap technology stocks,

Canada's main stock index climbed to a record high on Thursday, boosted by technology stocks, as investors cheered an outsized interest-rate cut by the U.S. Federal Reserve. The Toronto Stock Exchange's S&P/TSX composite index was up 210.