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S&P 500, Dow hit record high at open on hopes of rate cut


Reuters

S&P 500, Dow hit record high at open on hopes of rate cut


July 12 (Reuters) - The S&P 500 and Dow indexes hit a record high at the open on Friday, after Federal Reserve Chairman Jerome Powell's dovish remarks this week boosted bets of an interest rate cut this month.

This marks the third time the S&P 500 has hit an all-time high this week, and traded above the 3,000 level.

The Dow Jones Industrial Average rose 51.41 points, or 0.19%, at the open to 27,139.49.






This article appears in: World Markets , US Markets , Stocks



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