Stock market today: Wall Street rises toward records as jubilation sweeps markets worldwide

NEW YORK (AP) — Wall Street is rising toward records Thursday as a delayed jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates.
The S&P 500 was 1.8% higher in afternoon trading and above its all-time closing high set in July. The Dow Jones Industrial Average was up 533 points, or 1.3%, and on track to top its record set on Monday. The Nasdaq composite was 2.8% higher, as of 12:26 p.m. Eastern time.
The rally was widespread, and the compan