Major averages close at record highs on dovish Fed hopes

The defensive utilities .SPLRCU, real estate .SPLRCT and consumer staples .SPLRCS rose the most among the 11 major S&P sectors as the falling bond yields made stocks that pay high dividends more attractive. The dividend yield for the broad S&P 500 and the 10-year Treasury are nearly identical.

Rising expectations for a rate cut, fueled by softer economic data and comments from global central banks indicating a more dovish stance helped the S&P 500 and the Dow Jones indexes post their best June performance in decades.

Why do they wear the dumb coats?

Is that Tom Hardy ?

Thanks President Trump 😁

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Cleveland Fed President Loretta Mester says rates should be kept where they are 'for a while'The central bank official said she holds a 'positive baseline outlook' on the economy though she is monitoring risks to determine whether the Fed should cut interest rates, as the markets are currently demanding. Why is she even on the FED?
Source: CNBC - 🏆 12. / 72 Read more »