NEW YORK (AP) — Wall Street is coasting toward the finish of its latest record-setting week on Friday.

The S&P 500 rose 0.1% and was on track to close out its sixth winning week in the last seven. The Dow Jones Industrial Average was up 40 points, or 0.1%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 0.3% higher.

All three hit all-time highs the day before, as did the small stocks in the Russell 2000 index, which finally surpassed its prior record set in 2021. Stocks have been rallying on expectations that the Federal Reserve will continue to cut interest rates in order to give the economy a boost after it lowered them for the first time this year on Wednesday.

FedEx helped support the market after delivering stronger profit and revenue for the latest quarter than analyst

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