Wall Street: Dow Jones scores another all time high, to close at 19,251.78

Ross J Burland FXStreet

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.

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Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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