S&P 500 hits 3,000 as Powell's comment lifts rate cut hopes
July 10, 2019 at 10:04 AM EDT
The benchmark S&P 500 breached the 3,000 points mark for the first time on Wednesday, as hopes of an interest rate cut later this month were lifted by Federal Reserve chief Jerome Powell's comment that the central bank would "act as appropriate" to sustain record U.S. growth.
