S&P 500 ends at record as investors pencil in July rate cut

U.S. stocks ended strongly higher Thursday, with the S&P 500 notching a record close, as investors penciled in a July rate cut a day after a Federal Reserve policy meeting reinforced expectations for easier monetary policy. The S&P 500 SPX, +0.95% rose around 28 points, or 0.9%, to end around 2,954, according to preliminary figures, eclipsing its previous record finish of 2,945.

83 set earlier this year. The Dow Jones Industrial Average DJIA, +0.94% advanced around 249 points, or 0.9%, to end near 26,753, while the Nasdaq Composite COMP, +0.80% rose around 64 points to end near 8,051, a gain of 0.8%. Investors shrugged off escalating fears of military conflict in the Middle East after Iran shot down an unarmed U.S. military drone. Oil futures rallied sharply.

'A July cut is almost certain.' Indexes at record/annual highs. So of course 'the market' is demanding rate cuts. They are all insane. They've already tried to destroy the world's economy. & no one in America was held responsible

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