The U.S. Federal Reserve's recent half-percentage point interest rate cut has generated significant market reactions across multiple sectors. U.S.-listed crypto shares surged as the lower rates spurred a flight into risky assets, with Bitcoin gaining 4% and related stocks like Coinbase and Riot Platforms seeing notable increases. The rate cut also boosted U.S. bank stocks, helping to alleviate pressure on borrowers and benefiting regional banks in particular. The U.S. dollar rose against major currencies while long-dated Treasury yields and Asian stocks also climbed, reflecting market optimism. Despite the rate cut, U.S. equities closed with modest losses as investors remain cautious about future economic conditions and potential further rate cuts. Housing market data showed signs of recovery, further bolstering the prospects for a soft landing of the economy.