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S&P 500 hits new record on trade deal hopes in rebound from April lows, Dow jumps 500 points: Live updates CNBCWall Street indexes hit fresh peaks on trade, Fed cut optimism ReutersStock Market Today: Dow up 400 points, S&P 500 claims new intraday record as stocks head for strong weekly gains MarketWatchInvestors eye US jobs data as stocks hit record highs MSN
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Friday's rally in U.S. stocks, which sent the S&P 500 to an intraday record high, was getting help from solidifying expectations of traders around the likelihood of at least three quarter-point rate cuts from the Federal Reserve by year-end.
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The S&P 500 index surpassed its all-time record high on Friday — the latest development in what has been a remarkable comeback from the precipice of a bear market.
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Both the S&P 500 index and the Nasdaq appear headed to close out the week at record highs Friday, as investors shrugged off trade tensions and recent fighting in the Middle East.
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