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New York - S&P 500, Dow Hit Record High At Open On Hopes Of Rate Cut

Published on: July 12, 2019 10:34 AM
By: Reuters
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Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermidTraders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid

New York - 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.

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This marks the third time the S&P 500

< .SPX>

has hit an all-time high this week, and traded above the 3,000 level.

The Dow Jones Industrial Average

< .DJI>

rose 51.41 points, or 0.19%, at the open to 27,139.49.

The S&P 500

< .SPX> opened higher by 3.45 points, or 0.12%, at 3,003.36. The Nasdaq Composite < .IXIC>

gained 13.16 points, or 0.16%, to 8,209.20 at the opening bell.



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 Jul 12, 2019 at 03:02 PM Yay Says:

Thank you Pres Trump!!! Best prez in US history!!!!

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