Dow Pumps After Fed Capitulation Takes Stock Market Off Life Support13.2

By CCN: The Dow and broader U.S. stock market extended their relief rally on Wednesday, as traders continued to raise bets that the Federal Reserve will cut interest rates following its July policy meeting. Markets are now being driven almost entirely by hope even as the Department of Justice and Federal Trade Commission continue to broaden their antitrust probes of Silicon Valley’s largest technology companies. Dow Extends Relief Rally; S&P 500, Nasdaq Follow All of Wall Street’s major indexes headed for big gains on Wednesday, extending a strong pre-market session for Dow futures. The Dow Jones Industrial Average climbed 176.94

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