S&P 500 climbs 1.7% for highest close since July, while Dow Jones and Nasdaq also welcome rises
Wall Street scaled all-time highs on Thursday as global markets welcomed the US Federal Reserve’s first interest rate cut in four years.
The benchmark S&P 500 climbed 1.7% to close at its first record high since July. The Dow Jones Industrial Average rose 1.3% and also hit a record. The technology-focused Nasdaq Composite rallied by 2.5%.