NEW YORK (1010 WINS) -- The Dow Jones Industrial Average closed Wednesday at a record high, and the S&P 500 closed at a record for the 3rd day in a row.
The markets' record-breaking day comes as investors anxiously await a potential rate cut from the Federal Reserve later this month, following the release of weaker-than-expected economic data.
The Dow Jones Industrial Average gained 179.32 points to end the day at 26,966, notching intraday and closing all-time highs. The Nasdaq Composite advanced 0.7% to 8,170.23.
The S&P 500 also rose 0.7% to 2,995.82 as the real estate and consumer sectors powered the broad index to record levels. Tech also boosted the index, rising 0.7% to a record high. The S&P 500 closed just 0.1% below 3,000.
Shares of Facebook, Amazon, Netflix and Google-parent Alphabet all rose on Wednesday.
The session ended early at 1 p.m. due to the Fourth of July holiday.