S&P 500 hits intraday record high fueled by rate cut bets

The S&P 500 index ‌hit ​an intraday record ‌high on Wednesday, its first in over a ​month, as investors returned to AI stocks and bet the Federal ‍Reserve will cut rates ​again next year. The index was last up 0.2% at ​6920.88 ⁠points, surpassing its previous intraday peak of 6,920.34, set on October 29, when AI bellwether Nvidia had helped push the benchmark above a $5 trillion market valuation for the first time. U.S. stocks ‌have bounced back from their November lows as investors piled...