Stock Indexes Rally to Record Highs on Fed Rate Cut Expectations

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.48%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.95%.  September E-mini S&P futures (ESU25) rose +0.50%, and September E-mini Nasdaq futures (NQU25) rose +0.92%. Stock indexes rallied on Thursday, with the S&P 500, Nasdaq 100, and Dow Jones Industrials posting new record highs.  The prospects for additional Fed easing sparked a risk-on sentiment in asset markets and boosted stocks ...