After The Bell: S&P 500 Hits Record

Andy Giersher
June 20, 2019 - 6:18 pm

CHICAGO (WBBM NEWSRADIO) -- Stocks closed higher Thursday after the Federal Reserve indicated that it is open to a possible interest rate cut as soon as next month.

The S&P 500 surged nearly 1% to an all-time closing high of 2,954.18, the Nasdaq gained 64 and the Dow Jones Industrial Average added 259 points, settling to 26,753.

"You've got investors that are pretty bullish about the fact that it looks like the Fed is going to be lowering rates, although I think you could argue that it is not necessarily the greatest thing or necessary thing, but it seems like Mr. Market is going to get what Mr. Market wants," Chuck Carlson, CEO of Horizon Investment Services, says.

"Also, I think there seems to be continued optimism that perhaps something will get done at the next meeting between President Trump and his Chinese counterpart."

Carlson also noted that he currently finds shares of Comcast (CMCSA) and stocks in the semiconductor space attractive at current levels.