US STOCKS SNAPSHOT-Wall St notches record highs on Fed rate-cut expectations


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    NEW YORK, July 12 (Reuters) - All three major indexes posted
record closing highs on Friday as solid expectations for an
interest-rate cut from the Federal Reserve continued to propel
shares while investors awaited next week's kickoff of the
corporate earnings season.
    The Dow Jones Industrial Average  .DJI  rose 243.82 points,
or 0.9%, to 27,331.9, the S&P 500  .SPX  gained 13.79 points, or
0.46%, to 3,013.7 and the Nasdaq Composite  .IXIC  added 48.10
points, or 0.59%, to 8,244.14.

 (Reporting by Caroline Valetkevitch; editing by Jonathan Oatis)
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