Dow, S&P 500, Nasdaq Hit All-Time Highs

Fox Business

U.S. stocks traded higher on Wednesday ahead of Federal Reserve Chairman Jerome Powell’s appearance on Capitol Hill.

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Stocks jumped after Powell signaled a rate cut is possible, noting “crosscurrents have reemerged, creating greater uncertainty” in the U.S. economy.

The Dow, S&P 500 and Nasdaq all hit new intraday highs. The S&P crossed the 3,000 theshold for the first time.

The Nasdaq Composite needs to finish up more than 28.50 points for a record close.


Powell’s comment came in prepared remarks.

His testimony begins at 10 a.m. ET, with full coverage on

Ticker Security Last Change %Chg
I:DJI DOW JONES AVERAGES 26944.55 +161.06 +0.60%
SP500 S&P 500 3002.13 +22.50 +0.76%
I:COMP NASDAQ COMPOSITE INDEX 8226.325203 +84.60 +1.04%

Shares of Levi Strauss & Co fell after the company reported that sales growth would slow in the second half of the year due to weakness in its wholesale business.

Ticker Security Last Change %Chg
LEVI LEVI STRAUSS & CO. 21.02 -2.64 -11.16%

In Asian markets on Wednesday, China’s Shanghai Composite ended 0.4 percent lower after Chinese producer price inflation came in flat, raising concerns about domestic growth. Hong Kong’s Hang Seng added 0.3 percent and Japan’s Nikkei was off 0.2 percent.

In Europe, London’s FTSE added 0.1 percent, Germany’s DAX was off 0.1 percent and France’s CAC added 0.4 percent.

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