By — Associated Press Associated Press Leave a comment 0comments Share Copy URL https://www.pbs.org/newshour/economy/sp-500-index-closes-at-a-record-high Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter S&P 500 index closes at a record high Economy Jun 20, 2019 4:30 PM EDT The S&P 500 closed at a record high Thursday and has erased all of a steep pullback it suffered in May. The rally came as investors balanced optimism over the possibility that the Federal Reserve could cut interest rates in response to a slowing economy and jitters about the prospects of dimmer corporate profits should a severe slowdown take hold. Those worries continued to fuel demand for bonds. The yield on the 10-year Treasury note fell to 2%, the lowest since November 2016. The price of oil rose 5.4% as tensions between the U.S. and Iran escalated. The S&P 500 rose 27 points, or 0.9 percent, to 2,954. The Dow Jones Industrial Average added 249 points, or 0.9%, to 26,753. The Nasdaq rose 64 points, or 0.8%, to 8,051. By — Associated Press Associated Press
The S&P 500 closed at a record high Thursday and has erased all of a steep pullback it suffered in May. The rally came as investors balanced optimism over the possibility that the Federal Reserve could cut interest rates in response to a slowing economy and jitters about the prospects of dimmer corporate profits should a severe slowdown take hold. Those worries continued to fuel demand for bonds. The yield on the 10-year Treasury note fell to 2%, the lowest since November 2016. The price of oil rose 5.4% as tensions between the U.S. and Iran escalated. The S&P 500 rose 27 points, or 0.9 percent, to 2,954. The Dow Jones Industrial Average added 249 points, or 0.9%, to 26,753. The Nasdaq rose 64 points, or 0.8%, to 8,051.