The Federal Reserve's closely followed overnight reverse-repo facility already has begun to reflect Wednesday's big interest-rate cut. Wall Street firms rushed to park extra cash overnight at the facility in the wake of the pandemic,

Wall Street saw a mixed open as investors reacted to a recent Fed rate cut and several corporate developments. The S&P 500 hit a record high, while the Dow surpassed 42,000 points. The Fed is expected to cut rates further in November and December amid steady economic growth.