Wall Street finishes at record highs for third consecutive session
Stockera at Wall Street
New York - Arab Today
Wall Street closed at record highs for the third session in a row supported by the financials and industrials sectors.
Treasury yields rise for 3rd session in a row ahead of Yellen’s comments with the US 10yr treasury yields moving up to a multi-day rise from 2.41% to 2.45% while the Fed fund futures also hardened by 1bp, bringing the likelihood of a March meeting hike at around 25% and the June meeting still at 100% while the US dollar index closed up 0.2% to a three-week high.
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In respect of stocks, the Dow Jones Industrial Average climbed by 142.79 points, or 0.7%, to close at a record 20,412.16. the leaders in the mighty Dow were Caterpillar Inc.+2.27% and Goldman Sachs Group Inc. +1.46%. The S&P 500 index finished up by 12.15 points, or 0.5%, to a record 2,328.25. The financials were the main gainers by 1.1% and industrials up by 1%. Meanwhile, the Nasdaq Composite index closed up by 29.83 points, or 0.5%, to a record 5,763.96.
Source :NNA
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Dubai - Arab Today
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