Powell Renews Hope of Rate Cuts, Lifting U.S. Stock ETFs to Records
July 10, 2019 at 14:23 PM EDT
U.S. markets and stock exchange traded funds rallied to record highs Wednesday after Federal Reserve Chairman Jerome Powell’s dovish comments helped stoked bets of interest rates cuts ahead to bolster economic growth. On Wednesday, the Invesco QQQ Trust (NASDAQ: QQQ) increased 1.1%, SPDR Dow...
