Dow finishes above 27,000 for first time as blue-chip index, S&P 500 post record close

Stocks ended mostly higher Thursday, with the Dow Jones Industrial Average DJIA, +0.85% and the S&P 500 SPX, +0.23% each posting a record close after Federal Reserve Chairman Jerome Powell boosted investor expectations for a rate cut at the end of the month. The Nasdaq Composite COMP, -0.08% which posted a record close Wednesday, took a breather to finish around 6 points lower near 8,196, according to preliminary figures, a 0.1% decline. The Dow advanced around 228 points, or 0.8%, to finish near 27,088, while the S&P 500 rose nearly 7 basis points to end just shy of the 3,000 mark.

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