Wall Street hits record high on rate cut optimism

- The three main indexes hit record intraday highs on Friday, continuing a strong run for the week on hopes of an interest rate cut this month, while investors waited for the start of the corporate earnings season next week.

In his two-day testimony before Congress, Federal Reserve Chairman Jerome Powell said the U.S. economy was still under threat from disappointing factory activity, tame inflation and a simmering trade war and that the central bank stood ready to “act as appropriate”. Abate said most of the positive catalysts that have driven the market higher have been priced in and now the focus will shift to the earnings season.

Results from two major U.S. railroads next week will also be closely watched for signs of how the trade war is affecting freight companies and the wider economy.traded above the 3,000 level for a third straight session, also boosted by a 0.63% gain in the technology sector .SPLRCT, the S&P 500's best performer so far this year.

So the rich get richer... we poor get shafted

bigger the crash!

gonna start shorting all these companies

The rich get richer and the poor stay poor. Great news here for anyone that makes over 300k/year! Otherwise, big whoop!

bubbles will burst

Capitalism is a fixed poker game.

Thanks realDonaldTrump It’s the Economy Stupid!! MAGA2020 Landslide!

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