Dow Hits 27,000 For First Time Ever

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The Dow Jones Industrial Average rose to a record high on Thursday after testimony from Federal Reserve Chairman Jerome Powell hinted that the central bank will cut interest rates later this month.

The 30-stock average rallied above 27,000 for the first time before trading shortly below that level. The Dow was up 0.5 percent just before 10 a.m. Thursday.

The Dow’s record-breaking rally comes one day after the S&P 500 broke 3,000 for the first time Wednesday morning.

Read more at The Hill.

{Matzav.com}

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