Stocks move another leg higher as market volatility eases amid calls for deeper rate cuts in 2025.
The Dow rose 213 points, or 0.5%. The S&P 500 was up 0.4%, and the Nasdaq was 0.5% higher.
The Nasdaq and S&P 500 have both set new intraday records and are on pace to mark an all-time high at close as well. The Dow needs to gain less than 1% to mark a new intraday high.