The S&P 500 and the Dow vaulted to record highs one day after the rate cut. Stocks rallied to record highs this week in the aftermath of a jumbo-sized interest rate cut at the Federal Reserve, presenting investors with a key question: Where is the market headed from here?

The S&P 500 ( ^GSPC) fell roughly 0.1% after the benchmark index ended at an all-time high. The Dow Jones Industrial Average ( ^DJI) climbed slightly higher on the heels of notching its own record close. Leading the way lower, the tech-heavy Nasdaq Composite ( ^IXIC) dropped 0.2%.