At 2:08 p.m. ET, the Dow Jones jumped 450.24 points, or 0.98%, to 46,208.14, the S&P 500 rose 7.91 points, or 0.12%, to 6,614.70, while the Nasdaq slipped 57.05 points, or 0.26%, to 22,276.91. "Cutting rates while inflation is still running ahead of their target suggests that they (the Fed) are concerned with the health of the economy and employment backdrop," said Todd Basnight, director of equity research at Aureus Asset Management. "But, given the narrowness of the market year-to-date, it ( Meanwhile, N ...