Key TakeawaysTech stocks are jumping in the wake of Wednesday's rate cut by the Federal Reserve.All of the Magnificent Seven stocks are on the rise.Staples, utilities and real estate stocks were recently in retreat. Stocks are racing ahead today, with tech stocks out in front.  The S&P 500 is climbing in Thursday morning trading, up about 1.7%. Its IT sector was recently up some 3.4%, while the communications services sector—home to companies like Facebook parent Meta Platforms (META), Netflix (NFLX) and Al ...