U.S. Stocks Set Record Closes as Easy Central Bank Policies Spur Stock-Market Gains
Thursday, 4 July 2019 00:14 WIB | MARKET UPDATE |DOW JONESS & P 500Saham AS
U.S. stocks finished on a strong note in a holiday-shortened session, pushing all three key equity benchmarks to new heights, amid increased expectations for more dovish policy.
The S&P 500 was up 0.8% to finish around 2,996. The Dow Jones Industrial Average advanced 176 points, or 0.7%, to end near 26,962. The Nasdaq Composite climbed 0.8% to close around 8,170. The S&P clinched its third all-time high in a row, and set a new intraday high of 2,995.83.
The Dow set a record close, and also hit an intraday high of 26,965.48. The S&P recorded a five-day winning streak, while the Nasdaq recorded six straight days of gains.
European leaders nominated International Monetary Fund managing director Christine Lagarde to replace Mario Draghi as European Central Bank president.
Investors say they expect Lagarde to follow through with Draghi's pledge to unroll further stimulus measures if economic conditions worsened.
In addition, President Donald Trump nominated Christopher Waller and Judy Shelton, both of whom are seen as advocates of lower interest rates.
In company news, shares of electric-car maker Tesla Inc. rose 7.1% after it reported record quarterly delivers in the April to June period.
Source : Market Watch