Wall Street heads for another record as markets rally worldwide WSOC TV [Video]

NEW YORK — (AP) — U.S. stocks are rising toward another record on Thursday as financial markets around the world rally again.

The S&P 500 was 0.5% higher in morning trading and on track to set an all-time high for the third time this week and the 42nd time this year. The Dow Jones Industrial Average up 180 points, or 0.4%, as of 10:20 a.m. Eastern time, and the Nasdaq composite was 0.9% higher.

Tech stocks led the way, as they’ve been doing for years. Micron Technology jumped 17.1% after the maker of computer memory and storage delivered stronger profit for the latest quarter than analysts expected. It pointed to sales related to artificial-intelligence technology, where a boom has helped drive some stocks to astounding heights.

Jabil climbed 13.4% after the electronics manufacturer likewise reported stronger profit and revenue than expected. It also announced a plan to buy back up to $1 billion of its stock to plow cash to …