Dow Hits Record High Amid Rate Cut Optimism and Political Turmoil
TL;DR Summary
The Dow surged by over 700 points as investors bet on a September rate cut following strong corporate earnings and better-than-expected consumer spending data. The S&P 500 and Nasdaq also saw gains, and gold futures rose 1.4%. Wall Street now sees a near 100% expectation that the Federal Reserve will cut interest rates in September.
- Dow surges by more than 700 points as investors bet on September rate cut CNN
- Stock market today: Dow, S&P 500 build on records as a retail sales surprise fuels rate cut hopes Yahoo Finance
- US stocks rise amid rate cut cheer; retail sales flat in June Investing.com
- Stock Market News: Dow Surges 600 Points Barron's
- Dow closes at record high after attempted Trump assassination fuels red wave hope USA TODAY
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