US markets today: Wall Street climbs on global rally and Fed rate-cut hopes, Asia and Europe join upswing
US stocks climbed on Wednesday, lifted by a global equity rally and growing expectations that the Federal Reserve will cut interest rates in September. The S&P 500 rose 0.4% to a new all-time high, the Dow Jones Industrial Average gained 259 points or 0.6%, and the Nasdaq Composite added 0.5% to extend its own record…