The Dow tops 27,000 for the first time after the Fed signals a rate cut is coming

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The Dow tops 27,000 for the first time after the Fed signals a rate cut is coming
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The Dow just topped 27,000 for the first time

Stocks jumped to fresh intraday highs on Thursday after the Federal Reserve signaled the central bank would soon step in to keep the economy humming. The Dow Jones Industrial Average briefly topped 27,000 for the first time ever, a day after stocks hit intraday and closing highs. That was even as government data showed a key measure of core inflation came in at its fastest pace in nearly a year and a half in June. Visit Markets Insider for more stories.

Stocks jumped to fresh intraday highs on Thursday after the Federal Reserve signaled the central bank would soon step in to keep the economy humming. The Dow Jones Industrial Average briefly topped 27,000 for the first time ever, a day after stocks hit intraday and closing highs. That was even as government data showed a key measure of core inflation came in at its fastest pace in nearly a year and a half in June. Visit Markets Insider for more stories.

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