Wall Street Ticks Higher to Record Close; Eyes on Earnings, Fed
- 7 years ago
Wall Street Ticks Higher to Record Close; Eyes on Earnings, Fed
The Dow Jones Industrial Average rose 42.21 points, or 0.18 percent, to end at 22,872.89, the S&P 500 gained 4.6 points, or 0.18 percent, to 2,555.24
and the Nasdaq Composite added 16.30 points, or 0.25 percent, to 6,603.55.
Art Hogan said that You’ve got sector rotation grinding the indexes higher and it’s hard to see what stops that,
While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting, a report
that a market-friendly candidate was being pushed as successor to Janet Yellen at the helm of the U. S. central bank helped indexes close near the highs of the day.
Stocks ended near session highs after a report from Politico said Treasury Secretary Steven Mnuchin was pushing president
Donald Trump to name Jerome Powell, seen as a safe pick for financial markets, as the next Federal Reserve chairman.
The consumer staples sector got a boost from gains in Wal-Mart, which rose 1.9 percent, as well as from Kroger,
which jumped 1.2 percent to $20.78 after news it was exploring the sale of its nearly 800 convenience stores.
NEW YORK — Major stock indexes edged up to post record closing highs on Wednesday with
sector moves in the S&P 500 showing preference toward so-called defensive stocks.
The Dow Jones Industrial Average rose 42.21 points, or 0.18 percent, to end at 22,872.89, the S&P 500 gained 4.6 points, or 0.18 percent, to 2,555.24
and the Nasdaq Composite added 16.30 points, or 0.25 percent, to 6,603.55.
Art Hogan said that You’ve got sector rotation grinding the indexes higher and it’s hard to see what stops that,
While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting, a report
that a market-friendly candidate was being pushed as successor to Janet Yellen at the helm of the U. S. central bank helped indexes close near the highs of the day.
Stocks ended near session highs after a report from Politico said Treasury Secretary Steven Mnuchin was pushing president
Donald Trump to name Jerome Powell, seen as a safe pick for financial markets, as the next Federal Reserve chairman.
The consumer staples sector got a boost from gains in Wal-Mart, which rose 1.9 percent, as well as from Kroger,
which jumped 1.2 percent to $20.78 after news it was exploring the sale of its nearly 800 convenience stores.
NEW YORK — Major stock indexes edged up to post record closing highs on Wednesday with
sector moves in the S&P 500 showing preference toward so-called defensive stocks.