US STOCKS-Wall Street hits new highs on rate-cut optimism

US STOCKS-Wall Street hits new highs on rate-cut optimism

* Indexes up: Dow 0.71%, S&P 500 0.33%, Nasdaq 0.49% (Updates to midafternoon in U.S. markets, changes byline, adds NEW YORK to dateline) By April Joyner NEW YORK, July 12 (Reuters) – U.S. stocks hit …