US stock indices edge up and reach new record highs

US stock indices rose on Tuesday mildly and marked yet another record high.

The gains came as the Federal Reserve officially commenced a new policy easing cycle with a surprising 0.5% interest rate cut last week to 5%.

The markets are expecting another similar Fed rate cut by the end of the year.

Lower interest rates boost liquidity in the markets and reduce borrowing costs for corporations, in turn supporting investments.

On trading, Dow Jones rose 0.2% as of 15:28 GMT to 42226, while S&P 500 rose 0.1%, or 5721, as NASDAQ added 0.1% to 17,997.