Rate-cut euphoria elevates S&P 500 to record high
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June 20, 2019Fed rate-cut sign boosts stocks, dollar drops
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World stock markets jumped on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury note yield dipped below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting.
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