NEW YORK (AP) — U.S. stocks are ticking toward more records on Wednesday after the Federal Reserve cut interest rates, as virtually everyone on Wall Street expected.

The S&P 500 added 0.2% in afternoon trading. The Dow Jones Industrial Average was up 118 points, or 0.2%, as of 2:05 p.m. Eastern time, and the Nasdaq composite was 0.5% higher. All three indexes are coming off their latest all-time high.

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