The stock market saw a surge in small-cap stocks, with the Russell 2000 up 0.8% and heading for its seventh straight daily gain. It could close at a record high for the third time in 2025, as traders bet on lower interest rates. The S&P 500 and Nasdaq were up, aiming for record highs, while the Dow dipped slightly.

Read more at Dow Jones & Company: The S&P 500, Nasdaq, Russell 2000 Rise. Wall Street Is Back in Risk-On Mode.