The S&P 500 index touched an all-time high on Thursday, after the Federal Reserv...
- The S&P 500 index touched an all-time high on Thursday, after the Federal Reserve indicated that it could cut interest rates as early as July to combat growing risks to global and domestic growth.
The benchmark S&P 500 index, which has risen 7% so far in June and is on track to recoup its previous month’s losses, hit an intraday record high of 2,956.20 on Thursday. Financial stocks dropped 0.42%, while the energy index jumped 2.16%, the most among all 11 major S&P sectors, as oil prices surged over 4% on renewed tensions in the Middle East after Iran shot down a U.S. military drone. [O/R]
Boeing Co gained 0.83% after the planemaker said it is in talks with other airlines for sales of its 737 MAX after receiving a letter of intent for 200 of the grounded planes from British Airways owner IAG.
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