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.