The S&P 500 and Nasdaq rose 1% and 1.2%, respectively, to records as investors appeared more confident that interest-rate cuts were on the way. The Dow broke a two-day losing streak with a gain of 1.1%.

The S&P 500 and Nasdaq rose 1% and 1.2%, respectively, to records as investors appeared more confident that interest-rate cuts were on the way. The Dow broke a two-day losing streak with a gain of 1.1%.