Wall Street saw two major indexes reach record highs on the rumor of rate cuts, setting up a potential “sell the news” scenario. The S&P 500 and Nasdaq Composite hit intraday highs, with the Dow close to its Sept. 11 high. Megacap tech stocks like Tesla and Microsoft led the charge.

Read more at Barron’s.: S&P 500, Nasdaq Touch Fresh Highs Intraday