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

Jul 12, 2019 at 10:34 AM

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. 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...

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