S&P 500 tops 6,700 for first time as investors anticipate October Federal Reserve rate cuts. đ˘
The S&P 500 closed above 6,700 for the first time ever on Wednesday, as markets shrugged off a looming government shutdown and instead zeroed in on weak private-sector job data fueling expectations for a rate cut in October.
The Dow also notched a record close, rising about 0.1%, while the Nasdaq gained 0.4%, nearing its own highs.
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