The Russell 1000 Value index was up 2.7% on Wednesday afternoon, outperforming the 2.4% rise of the Russell 1000 Growth index, according to FactSet data, at last check. Among small-cap stocks, the Russell 2000 Value index was climbing 6.1% to surpass the Russell 2000 Growth index’s 5.2% advance.

Stocks closed at record highs on Friday, with the S&P 500, Dow Jones, and Nasdaq 100 all notching their biggest weekly gain of the year.

U.S. stocks are rising Thursday after the Federal Reserve cut interest rates for a second straight time, just as investors had expected.

The blue-chip Dow closed up 259.65 points, or 0.59%, to a record high 43,988.99, and the broad Standard & Poor's 500 index finished up 22.44 points, or 0.38%, to an all-time high of 5,995.54. The S&P 500 and Dow are both about 4.

The stock market marked a historic milestone on Friday, as the Dow Jones Industrial Average hit 44,000 for the first time in its 128-year history, while the S&P 500 crossed the 6,000 mark. Stocks continued their rally,

The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time. The Dow Jones Industrial Average climbed 259 points, or 0.6%, while the Nasdaq composite added 0.1%.