Markets Right Now: Stocks rise on prospects for a rate cut

NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks rose and bond yields fell as investors welcomed new signals that the Federal Reserve is ready to cut interest rates for the first time in a decade.
Technology companies led the way higher Wednesday, helping the Nasdaq close at a record high. Western Digital rose 5%.
Fed Chairman Jerome Powell said many Fed officials believe a weakening global economy and rising trade tensions strengthens the ca