NEW YORK—Most of Wall Street rose Thursday following its big rally from the day before on excitement that several cuts to interest rates may indeed be coming next year.
The S&P 500 gained 0.3 percent to pull within 1.6 percent of its all-time high set early last year. The Dow Jones Industrial Average climbed 158 points, or 0.4 percent, to set a record for a second straight day, and the Nasdaq composite rose 0.2 percent.
