S&P, Nasdaq hit record highs as Fed signals more easing; Intel, Nvidia surge

Wall Street is ticking toward more records on Thursday, led by a rally for tech stocks after Nvidia and Intel announced a $5 billion partnership.

The S&P 500 rose 0.4% and was on track to top its all-time high, which was set at the start of the week. The Dow Jones Industrial Average was down 17 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.8% higher.