Stocks approach record as Fed soothes WallStreet’s fears

The DowJones Industrial Average rose 0.15% to end at 26,504.27 points, while the S&P 500 gained 0.30% to 2,926.44. The Nasdaq Composite added 0.42% to 7,987.32.

The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.

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