Stock Market Today: Wall Street Ticks Up, and S&P 500 Pulls Closer to a Record on Rate-Cut Hopes

Stock Market Today: Wall Street Ticks Up, and S&P 500 Pulls Closer to a Record on Rate-Cut Hopes
Traders work on the floor at the New York Stock Exchange in New York on June 2, 2023. Seth Wenig/AP Photo
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NEW YORK—Wall Street ticked higher Tuesday and pulled within a good day of its record amid hopes that moves by Japan to keep interest rates easy for investors could be a preview for the rest of the world.

The S&P 500 rose 0.6 percent and is just 0.6 percent shy of its record set nearly two years ago. The Dow Jones Industrial Average gained 251 points, or 0.7 percent, and set its own record for a fifth straight day, while the Nasdaq composite climbed 0.7 percent.