Dow Rises 150 Points, Heads For Record Close Amid Expectations For The Fed to Lower Rates
Wednesday, 3 July 2019 23:26 WIB | MARKET UPDATE |DOW JONESS & P 500Saham AS

Stocks traded higher on Wednesday as investors bet on a potential rate cut from the Federal Reserve later this month after the release of weaker-than-expected economic data.

The Dow Jones Industrial Average gained 150 points and was headed for a record close. The S&P 500 rose 0.65% and hit a record high as the real estate and utilities sectors outperformed. The Nasdaq Composite advanced 0.6%.

Wednesday™s session ends at 1 p.m. ET due to the Fourth of July holiday.

Private payrolls in the U.S. increased by 102,000 in June, ADP and Moody™s Analytics said. Economists polled by Dow Jones expected growth of 135,000.

Source : CNBC

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