The Dow Jones Industrial Average (^DJI) briefly touched a new high after the open. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) also moved to the upside as investors continue to celebrate the Federal Reserve's rate cut.

Morning Brief anchor Seana Smith and Yahoo Finance Markets and Data Editor Jared Blikre break down the action at the open.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.