July 12 (UPI) -- Major U.S. stock indexes closed at all-time highs Friday upon hints from Federal Reserve Chairman Jerome Powell that an interest rate cut could come soon.
The Dow Jones Industrial Average closed at 27,332.03, up 243.95 or 0.9 percent, an all-time high. The S&P 500 closed at 3,013.77, a 0.5 percent jump, to close above 3,000 for the first time. The Nasdaq Composite closed at 8,244.14, a 0.6 percent jump, also a record.