Strong overnight gains have Wall Street poised to open at record highs Thursday following the Federal Reserve’s first interest rate cut in nine months. Futures for the S&P 500 rose 0.8% before the bell, while futures for the Dow Jones Industrial Average added 0.7%. Nasdaq futures jumped 1.1%.

Stock shares in StubHub's initial NYSE public offering opened at $25.35 per share under the ticker "STUB" and pulled in about $800 million in revenue for the 25-year-old company.