The Dow Jones Industrial Average and the S&P 500 both closed at record highs Thursday, bolstered by suggestions from Federal Reserve Chairman Jerome Powell that the central bank would cut interest rates at its next meeting, and a healthcare stocks rally that followed the Trump administration’s plan to tighten the rule on annual rebates.
The Dow, which passed 27,000 for the first time ever in trading Thursday, was up 157 points, or 0.59%, to 27,018. The S&P 500, which passed 3,000 for the first time on Wednesday, but was recently trending down 0.2% to 2,992. The Nasdaq was down 0.18%. Breaking records in the #TrumpEconomy