The Federal Reserve's decision to implement a significant rate cut of 50 basis points has generated a variety of reactions across financial markets. While Dow futures initially surged by 400 points following the announcement, overall investor sentiment remained cautious. Many traders are grappling with heightened volatility, evidenced by wild swings in major indices like the Nasdaq and S&P 500. Despite some stocks rallying, particularly growth stocks, Wall Street closed lower in choppy trade. Analysts are now assessing the implications of the Fed's move, with expectations of a continuing trend of smaller rate cuts in the future. As markets digest this recalibration, attention turns to upcoming readings and the potential path of the economy.