The Dow surged above 27,000 points for the first time on Thursday (Jul 11), closing at a fresh record on optimism over an expected Federal Reserve interest rate cut later this month. Dow ends above 27,000 points for first time, S&P 500 hits record, (AFP Photo / Stan Honda / AFP) Shrugging off trade war worries, the blue-chip Dow Jones Industrial Average gained 227.88 points (0.85 per cent) to hit 27,088.08. The broad-based S&P 500 ended up 6.84 points (0.23 per cent) at 2,999.91, also a record – though below the 3,000-point mark breached earlier this week – while the tech-rich Nasdaq Composite Index slipped 6.49 points (0.08 per cent) to 8,196.04. The records – which were touted on Twitter by US President Donald Trump – came as Federal Reserve Chair Jerome Powell completed a second day of congressional testimony at which he emphasised economic risks in remarks that were widely interpreted as signaling a likely interest rate cut. Trump, who has repeatedly criticised Powell on monetary policy, extolled the latest landmark on Twitter, saying “Dow just hit 27,000 for the first time EVER!” But the new peak came amid fresh signs of trade policy discord that have troubled investors… Read full this story
- S&P 500 hits four-month high on higher oil prices, PepsiCo earnings
- Hurricane Lorenzo: What time will Hurricane hit the UK? When will Hurricane Lorenzo hit?
- Dow surges 600 points after Fed hints rate hikes will slow
- Cholera outbreak hits record 1 million
- Dow falls 508 points, Nasdaq turns negative for the year
- Stocks fall and Dow swings 260 points
- Dow drops 490 points, S&P and Nasdaq both plunge in biggest stock fall since Aug 23
- US trade deficit drops to $43.1 billion in May, lowest in 19 months as exports hit record
- Vietnam c.bank willing to intervene after dong hits record low
- Home/ TechnologyIndustrial robot sales hit record
Dow ends above 27,000 points for first time, S&P 500 hits record have 304 words, post on www.vir.com.vn at July 11, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.