All three major indexes were on pace to close at all-time highs on Wednesday afternoon.
This was the result of investors cheering the Federal Reserve's statement that it still expects three interest rate cuts this year.
The S&P 500 gained 0.7 percent, reaching an intraday record of 5,200 for the first time. The Dow rose 345 points, or 0.9 percent, and the Nasdaq Composite added 1.1 percent.
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