The Dow and S&P500 booked record closing highs a day after the Federal Reserve cut interest rates for a third consecutive time, with investors rotating out of technology stocks and into companies that can benefit from a growing U.S. economy - Dow rallied +646-points or +1.34% to 48,704.01. Visa Inc (up +6.11%) paced gains in the 30-stock index after analysts at Bank of America upgraded the payments giant and said investors have the chance to own part of "a great business on sale." Bank of America observed that "Tax refunds, lower interest rates and faster GDP [gross domestic product] growth are positives" for the payments industry generally,” adding "The bottom line is: If consumers have jobs, barring extenuating circumstances, they will continue to spend money and pay their bills." Walt Disney Co rose +2.42% after it announced a US$1B investment in ChatGPT maker OpenAI and will allow its copyrighted characters to be used in short-form AI video platform Sora. Chief Executive Officer (CEO) Bob Iger told CNBC in a televised interview following the announcement that the agreement is seen giving Disney “a way in” to AI and could help expand its reach with younger consumers. Coca-Cola Co dropped -1.57% after announcing CEO James Quincey will step down in March and be succeeded by operating chief Henrique Braun.