U.S. stocks notched some more records as a rally spurred by hopes for lower U.S. interest rates wrapped around the world.
The S&P 500 rose 0.3 percent Wednesday. The Dow Jones Industrial Average climbed 1 percent, while the Nasdaq added 0.1 percent to its record set the day before.
Treasury yields eased, as expectations reached a virtual consensus that the Federal Reserve will cut its main interest rate for the first time this year at its next meeting in September.
On Wednesday:
The S&P 500 rose 20.82 points, or 0.3 percent, to 6,466.58.
The Dow Jones Industrial Average rose 463.66 points, or 1 percent, to 44,922.27.
The Nasdaq composite rose 31.24 points, or 0.1 percent, to 21,713.14.
The Russell 2000 index of smaller companies rose 45.28 points, or 2 percent, to 2,228.06.
For the week:
The S&P 500 is up 77.13 points, or 1.2 percent.
The Dow is up 746.66 points, or 1.7 percent.
The Nasdaq is up 263.12 points, or 1.2 percent.
The Russell 2000 is up 109.64 points, or 4.9 percent.
For the year:
The S&P 500 is up 584.95 points, or 9.9 percent.
The Dow is up 2,378.05 points, or 5.6 percent.
The Nasdaq is up 2,402.35 points, or 12.4 percent.
The Russell 2000 is up 97.90 points, or 4.4 percent.
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