US Stocks On Pace To Continue Their Run Of Records
- Author: Zachary Reyes Фев 14, 2017,
Фев 14, 2017, 3:08
S&P 500 e-minis ESc1 were up 5.5 points, or 0.24 percent, with 108,718 contracts traded.
Wall Street was in the green on Monday as the major indexes posted new records.
The biggest stock in the S&P 500, Apple, was also at a record closing high.
AT&T (T.N) was down 0.97 percent, T-Mobile (TMUS.O) dropped 1.6 percent and Sprint (S.N) fell 2.6 percent. Trump's tax plan may not be quite so "phenomenal" for the S&P 500 as people think https://t.co/2rlPld07Im- CNBC (@CNBC) February 13, 2017 The stock market rally that followed his election had previously stalled due to concerns that he would move to protect U.S. companies with import tariffs and a lack of clarity on policy reforms. It accounts for about 3.5% of S&P 500 index fund investments.
Chemours rose 15.3 percent after the company and DuPont said they had agreed to pay about $671 million in cash to settle several lawsuits related to the leak of a toxic chemical. On the Nasdaq, 1,698 issues rose and 983 fell. In the wake of the SPX notching a record high, that return increases to 5%, with a almost 91% "percent positive".
There was no major economic data delivered on Monday (13 February), but Federal Reserve chair Janet Yellen is expected to give testimony on Capitol Hill on Tuesday (14 February).
The government will also offer updates on the state of inflation, on consumer and wholesale levels.
The 2 Key sectors are seen benefiting heavily from the Trump Administration policies. "Market-based expectations of Fed rate hikes should trend higher as investors discount a more hawkish Fed governor being appointed".
US Treasurys traded lower, with the benchmark 10-year yield around 2.431% and the short-term two-year yield by 1.19%.
Stocks climbed in other markets around the world.
Japan's Nikkei 225 index rose 0.4 percent, the Hang Seng in Hong Kong gained 0.6 percent and South Korea's Kospi index added 0.2 percent. Brent crude, the global standard, fell 1.11 dollars, or 2%, to 55.59 dollars a barrel.