|Day's Range||6,856.303 - 6,884.805|
|52 Week Range||5,371.890 - 6,914.190|
The Federal Reserve's final meeting of the year should bring a third rate hike of 2017 to markets while it marks the end of an era for Janet Yellen.
Alabama's special election for an open Senate seat will be the big story on Tuesday while small businesses will be a focus on the economic calendar.
Global shares were within a whisker of another record high on Wednesday as markets traded on expectations of a third U.S. interest rate hike of the year, and waited to hear from the Federal Reserve how many more are likely in 2018. Solid gains in Asia overnight had inched MSCI's 47-country world index up for a fifth day running and while the pre-Fed anticipation meant Europe's main bourses were barely budged, there was action elsewhere. A technical glitch on futures markets made for a stuttering start to European government bond trading, while the dollar was down against the yen, pound and euro after President Donald Trump saw his already-wafer thin U.S. Senate majority cut further.
The S&P 500 and the Dow finish at records for a third session in a row Tuesday as the Federal Reserve kicks off its two-day meeting but the Nasdaq bucked the trend to head south.
U.S. stock futures, Treasury yields and the dollar dipped on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares gained as crude oil futures took back some lost ground. European stock futures suggested a subdued opening for the region, FTSE futures nearly flat and CAC futures 0.1 percent lower.
Even as the Fed raises interest rates, money keeps pouring into equities and bitcoin, which must be disconcerting to the Fed despite what Chairwoman Janet Yellen has said.
U.S. stocks mostly rose ahead of Asia's Wednesday trading day as markets focused on the Federal Reserve's December policy meeting.
The Dow Jones Industrial Average gained more than 100 points today as producer prices rose ahead of the Federal Reserve's interest rate decision tomorrow. The S&P 500 rose 0.2% to 2664.11 today, while the Dow Jones Industrial Average gained 118.77 points, or 0.5%, to 24,504.80. The S&P 500 and Dow both closed at record highs.
The S&P 500 and the Dow closed higher on Tuesday along with major European stock indexes a day ahead of the Federal Reserve's expected U.S. interest rate hike, while Brent crude oil fell after reaching $65 per barrel for the first time since mid-2015. The Fed, whose two-day policy meeting ends Wednesday, is widely expected to raise its benchmark rate to between 1.25 and 1.50 percent.
The S&P 500 and the Dow industrials registered record closing highs on Tuesday with a boost from bank stocks as investors eyed a potential cut in U.S. corporate taxes and continued economic growth after strong inflation data. U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly six years.
The S&P 500 and Dow industrials advanced to end at records on Tuesday, as the Federal Reserve kicked off its two-day meeting. However, weakness in tech stocks weighed on the Nasdaq Composite. The central ...
A little-talked about provision in the Senate’s tax bill may hurt small investors in a big way. In the Senate version, investors selling partial stakes in a company would have to unload their oldest shares first, a process known as selling on a “first-in, first-out” basis. Alexis Christoforous and Myles Udland breakdown how this becomes a higher tax bill for millions of Americans.