The benchmark S&P 500 index briefly traded above 3,000 for the first time before pulling back to just below its most recent record high a week ago. The S&P 500 index rose 0.5% to 2,993.07. The index, which set three record highs last week, is now less than 0.1% below its all-time high set last Wednesday. Its previous record high was also set last Wednesday. Many investors have put the odds of a rate cut this month at 100%.

Source: thestar July 11, 2019 04:30 UTC