Wall Street rallies as a cut to interest rates next week looks more certain

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Wall Street’s record-setting run kept rolling Thursday, and stocks climbed after a mixed set of U.S. data kept the path clear for the Federal Reserve to cut interest rates in order to boost the economy.

The Standard & Poor’s 500 index rose 55.43 points to 6,587.47, climbing 0.8% to set an all-time high for the third day in a row.

The Dow Jones industrial average rallied 617 points, or 1.4%, to 46,108. The Nasdaq composite added 157.01 points to close at 22,043.07, gaining 0.7%. Both also hit records.

Treasury yields eased in the bond market following the economic reports, which were some of the final data releases left that could sway the Federal Reserve’s thinking before its meet