Wall Street cruises to more records as PepsiCo and tech stocks rally

NEW YORK (AP) — Wall Street rose to records on Thursday following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.

The S&P 500 climbed 0.5% to top its all-time high set a week ago. The Dow Jones Industrial Average rose 229 points, or 0.5%, and the Nasdaq composite added 0.7% to its own record set the day before.

Trading was calmer than Wednesday’s, when President Donald Trump jolted financial markets by saying he had discussed...