Indexes rallied Thursday, with tech stocks leading the Nasdaq to rise 2.5% as investors continued to digest Wednesday's jumbo rate cut from the Fed.

SolarEdge Technologies is down 5% after shares of the solar-power-equipment maker were downgraded to Underperform from Hold at Jefferies and the price target cut to $17 from $27. S&P 500 futures are up 0.3%. Dow Jones Industrial Average futures are adding 0.2%.

Stocks jumped Thursday morning as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut.