Wall Street pointed lower as a rally driven by the Federal Reserve’s big cut to interest rates faded and markets’ focus turned to earnings and other corporate news.

Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 jumped 1.7% for one of its best days of the year and topped its last all-time high set in July.

Wall Street ripped gains on Thursday, with market participants taking confidence from the Federal Reserve's bumper half-point rate cut the previous day and jumping back into growth stocks. With a night to digest the Fed's decision,