Money S&P 500 jumps above 3,000 for the first time after the Fed chief foreshadows rate cut July 10, 2019Fred Imbert, Yun Li, CNBCComments Off on S&P 500 jumps above 3,000 for the first time after the Fed chief foreshadows rate cut Stocks jumped to record highs after testimony from Federal Reserve Chair Jerome Powell bolstered the case for easier monetary policy in the U.S.