Todd Peters, senior vice president at Adviser Investments, has the market analysis for Wednesday, July 10. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. market indexes advanced on Fed Chair Jerome Powell’s comments signaling a likely interest-rate cut. The Dow Jones Industrial Average was up 0.3%, while the S&P 500 gained 0.5% and the NASDAQ Composite rose 0.8%, with all indexes hitting intraday high-water marks. Also making headlines, Lady Gaga revealed her new Haus Laboratories cosmetic line that will be distributed exclusively through Amazon. The online retail giant also announced a partnership with the U.K.’s state-funded National Health Service through which digital assistant “Alexa” will offer basic diagnoses and medical advice. Amazon’s stock gained 1.5% on today’s news.