Wall Street is ticking higher following its big rally the day before on excitement that several cuts to interest rates may indeed be coming next year. The S&P 500 was 0.6% higher Thursday and within 1.3% of its all-time high set early last year. The Dow Jones Industrial Average rose 171 points and was on track to set a record for a second straight day. The Nasdaq composite gained 0.5%. Treasury yields sank more to give another boost to stocks, a day after the Federal Reserve indicated it may cut rates by more in 2024 than it had earlier forecast.
