InstaForex InstaForex

Prime News

Wall Street Gains as Dow, S&P 500 and Nasdaq End at Records

Wall Street Gains as Dow, S&P 500 and Nasdaq End at Records

U.S. equities advanced to all-time peaks on Tuesday as financials received a lift from rising yields. Wall Street also priced in comments from Treasury Secretary Steven Mnuchin on tax reform.

Investors paid attention to Washington after Treasury Secretary Mnuchin said he is “hopeful” that tax reform will be accomplished by year's end and that the administration is contemplating on backdating reform to Jan. 1.

The Dow Jones industrial average ended at 22,118.86, notching a record finish. Goldman Sachs contributed the most to advances, with DowDuPont being among the best-performing stocks in the index, finishing 2.5 percent higher.

The S&P 500 advanced 0.3 percent, hitting intraday and closing records. The index ended the session at 2,496.48. The Nasdaq composite rose 0.3 percent at 6,454.28, a record closing peak, after briefly declining.

Financials climbed over one percent, with six major lenders higher between 1.5 percent and 2.6 percent, after Goldman Sachs revealed a growth plan that could contribute almost $5 billion in revenue annually.

Shares of McDonald's dropped over three percent on a report that a research company had raised concerns regarding its third-quarter sales.

Apple held its annual consumer products event, where it unveiled three new iPhone models and an Apple watch. Its shares fell 0.4 percent, after fluctuating between gains and losses for most of the session. For the year, Apple soared around 40 percent.

Recommend: Prime News
 
Gold on Track for Worst Week Since Early December
23 Feb 2018, 07:29 UTC+00   
Views today: 1361 
Wall Street Mostly Higher as Interest Rate Concern Ease
23 Feb 2018, 01:33 UTC+00   
Views today: 1343 
Oil Drops to $66 per Barrel as U.S. Output Offsets OPEC Cuts
23 Feb 2018, 12:22 UTC+00   
Views today: 1342 
US 10-Year Treasury Yield Pulls Back from 4-Year Peak
23 Feb 2018, 02:37 UTC+00   
Views today: 1333 
European Markets End Mostly Lower as U.S. Interest Rate Outlook...
23 Feb 2018, 00:53 UTC+00   
Views today: 1329 

All Prime news

Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
55%
from InstaForex
on every deposit
Earn up to
$50000
for inviting friends to get StartUp Bonus from InstaForex
No investments required!