NEW YORK—Stocks are returning to records on Wall Street Friday after the head of the Federal Reserve said it’s still likely a ways away from raising interest rates, even if it does begin dialing back its support for the economy later this year.
The S&P 500 was 0.7 percent higher at 4,502 in midday trading and back above its all-time high of 4,496.19 set on Wednesday. The Dow Jones Industrial Average was up 222 points, or 0.6 percent, at 35,435, as of 11:23 a.m. Eastern time, while the Nasdaq composite was 1 percent higher.
