The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.68%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.44%. Stocks on Thursday extended Wednesday’s rally, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 posting new all-time highs. Stocks rallied on the outlook for Fed rate cuts later this year after the FOMC on Wednesday maintained its projections for a total of 75 bp of interest rate cuts this year. Stock indexes also found support as Thursday’s stronger-than-expected US economic reports signal a resilient US econo…