“S&P 500 hits record as Wall Street bets the Fed will lower interest rates, Dow surges 250 points”
June 20, 2019
“Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.
The S&P 500 surged 0.9%, hitting a record high of 2,954.33 as the tech and energy sectors outperformed. The Dow Jones Industrial Average gained 256 points at the open, led by Caterpillar and Exxon Mobil. The Nasdaq Compositewas up 1.1%. The Dow was also within 1% of its record high, while the Nasdaq remained 1.3%…”
https://www.cnbc.com/2019/06/20/stock-market-dow-futures-higher-after-fed-raises-rate-cut-hopes.html