The S&P 500 has never been higherStocks rose to a record high yesterday, a day after the Federal Reserve opened the door to interest rate cuts in the coming months, Matt Phillips of the NYT reports. The S&P 500 closed at 2,954.18, about eight points higher than its previous high-water mark, which it reached on April 30. The index is now up more than 7 percent for the month and 18 percent for the year. The likelihood of rate cuts. “After the Fed’s monetary policy announcement on Wednesday, investors are putting the probability of a rate cut at the Fed’s next meeting in July at 100 percent,” Mr. Phillips writes.

Source: New York Times June 21, 2019 10:21 UTC