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

(Reuters) – The S&P 500 and Dow indexes strike a historical past considerable at the open on Friday, right after Federal Reserve Chairman Jerome Powell’s dovish remarks this week boosted bets of an fascination degree slash this month.

This marks the third time the S&P 500 .SPX has hit an all-time increased this seven days, and traded over the three,000 degree.

The Dow Jones Industrial Typical .DJI rose 51.41 factors, or .19%, at the open to 27,139.49.

The S&P 500 .SPX opened increased by three.45 facts, or .12%, at three,003.36. The Nasdaq Composite .IXIC acquired 13.16 elements, or .16%, to eight,209.20 at the opening bell.

Copyright Reuter

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