 I'm Jessica Ettinger, CNBC. Stocks are higher this afternoon. The rate cut rally continues from last Friday. Investors are hoping the Fed lowers interest rates maybe in September. The S&P 500 index hit a new record high. The Dow up 324 points, eight-tenths of a percent, comfortably above 40,000. The S&P 500 index up 38 points, more than a half percent. And the Nasdaq up 154 points, that's eight-tenths of one percent.