The S&P 500 jumped more than 1.7% on Thursday , hitting a fresh record above its all-time closing high set in July.

The Dow Jones Industrial Average is up 1%, also hovering at an all-time-high. Meanwhile, the tech-heavy Nasdaq Composite is 2.7% higher, but below its record two months ago. It comes after Wednesday's interest rate cut from the US Federal Reserve.

Meanehile, the FTSE 100 ( ^FTSE ) and European stocks pushed higher as the Bank of England (BoE) left UK interest rates on hold at 5% , as widely expected, having already cut them from 5.25% in August .

Policymakers were split on the decision, voting 8–1 to maintain Bank Rate. Swati Dhingra, the most dovish member of the committee, voted against the move and wanted to cut rates to 4.75%.

The other eight members — Andrew Bailey, Sarah Breeden, Megan Greene, Clare Lombardelli, Catherine L Mann, Huw Pill, Dave Ramsden and Alan Taylor — all voted to keep rates steady.

Threadneedle Street added that economic growth in the UK will slow in the second half of this year, returning to its underlying pace of around 0.3% per quarter. This would be a slowdown on the first two quarters — which saw growth of 0.7% and 0.6%.

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