Home Business Major averages close at record highs on dovish Fed hopes Business Major averages close at record highs on dovish Fed hopes By Genpie - July 3, 2019 146 0 Facebook Twitter Google+ Pinterest WhatsApp U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.