US STOCKS SNAPSHOT-S&P hits record closing high as investors bet on Fed rate cut


June 20 (Reuters) - The S&P 500 index registered a record closing high on Thursday, lifted by Wall Street's expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth.

The Dow Jones Industrial Average rose 249.17 points, or 0.94%, to 26,753.17, the S&P 500 gained 27.72 points, or 0.95%, to 2,954.18 and the Nasdaq Composite added 64.02 points, or 0.8%, to 8,051.34. (Reporting by Noel Randewich in San Francisco Editing by James Dalgleish)