Wall St gains after Fed indicates more rate cuts; Intel soars

• Indexes up: Dow 0.32%, S&P 500 0.56%, Nasdaq 1.03%
• Intel jumps as Nvidia takes $5 bln stake in co
• Small-cap Russell 2000 index up over 2%

Wall Street’s main indexes hit intraday record highs on Thursday, a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose after Nvidia decided to build a stake in the company.
Intel (INTC.O), jumped 23.1%, set for its biggest daily gain since October 1987 after Nvidia (NVDA.O), said it would invest $5 billion in the struggling U.S. chipmaker. Peer Advanced Micro Devices (AMD.O), slipped 2.3%.