Dow, S&P, Nasdaq all close shortened session at record heights
U.S. stocks closed higher Wednesday, during a holiday-abridged trading session, with all three major benchmarks setting record closes as investors cheered signs that global monetary policy will become more stimulative in the months ahead.
The S&P also set a new intraday high of 2,995.83 while the Dow’s closing level also ranks as an intraday record. “Although, warning signs shouldn’t be flashing just yet,” he added. “This is a signal of slowing, but certainly not stagnating economic growth. The markets are really looking to corroborate economic evidence for a rate cut, so today’s data could put some energy into this short trading day.”
Investors may be heartened by an easy-money regime sweeping the globe after current International Monetary Fund Managing Director Christine Lagarde was nominated to replace Mario Draghi as the head of the European Central Bank. Lagarde’s past rhetoric suggests that she may be more inclined to advocate for easier monetary policy, which could continue to fuel risk-taking here and abroad.
German 10-year government debt TMBMKDE-10Y, -4.72% known as bunds, saw their yields fall to a fresh record low below zero to minus 0.386%, while the U.S. 10-year Treasury note TMUBMUSD10Y, -1.26% slipped further toward its lowest since 2016 at 1.953%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
When do markets close for the Fourth of July?Everything you need to know about how the Fourth of July affects market hours
Leer más »
Tanks in Washington ahead of Trump's Fourth of July pageantBattle tanks were seen on a train in Washington ahead of FourthofJuly celebration highlighting U.S. military might. More here:
Leer más »
3 Reasons Not to Worry About Trump’s Fourth of July—and 1 Big Reason to WorryOther presidents have celebrated the Fourth. It's hard to think of one who has less sense of what it's about.
Leer más »
Pool and Beach Accessories Sure to Spice Up Your Fourth of July InstagramsFun pool floats are a party favorite.
Leer más »
All the Best Fourth of July SalesMany FourthOfJuly sales have started already, and we’re updating this list as we see more
Leer más »