Wall Street: Dow Jones scores another all time high, to close at 19,251.78
|While data was light on Tuesday, regardless of yesterday's all time high being reached by the Dow, Wall Street maintained the risk on theme and bulls kept chipping away.
The Dow made another record high for the second session running with financials and the dividend-rich telecommunication shares attracting demand and driving the market forward.The Dow gained a further 35.54 points, or 0.2%, to close at 19,251.78 while the S&P 500 index added just 7.52 points, or 0.3%, to finish at 2,212.23 and a fraction away from its all time high. The Nasdaq Composite Index gained 24.11 points, or 0.5%, to finish at 5,333.
The greenback inched along in a bullish drift while the stage remains set for a Fed hike next week with the Fed funds futures continuing to imply a 100% chance of a 0.25bp rate hike on the 14th December, with two more rate 25bp hikes priced in for 2017.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.