Dow Clambers Higher as Fed Sharpens Knife for Impending Rate Cut
By CCN: The Dow and broader U.S. stock market extended their winning streaks on Thursday, as Federal Reserve officials began preparations for a high stakes policy meeting later this month. If the Fed is willing to cut interest rates in July as markets believe, then evidence to that effect will likely materialize later this month. Dow Extends Winning Streak; S&P 500, Nasdaq Follow All of Wall Street’s major indexes traded in positive territory on Thursday, extending their winning streak to three days. The Dow Jones Industrial Average climbed 181.09 points, or 0.7%, to 25,720.66. The broad S&P 500 Index
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