The S&P 500 and Nasdaq inched to all-time highs on Wednesday, extending a record-setting run as investors' optimism about the global economy ...
REUTERS: The S&P 500 inched to an all-time high on Wednesday, extending a record-setting run as optimism about global economic growth strengthens, limited somewhat by a steep drop in FedEx shares.
"The trade truce with China has really set the backdrop for a continued move higher to the end of the year," said Chris Zaccarelli, Chief Investment Officer, Independent Advisor Alliance, Charlotte, North Carolina.The benchmark S&P 500 hit its fifth consecutive record high on Wednesday, its longest streak since January 2018.However, holding back gains on the index was a 10per cent drop in FedEx shares after the U.S.
The market also largely shrugged off the near certain impeachment of Donald Trump as the House of Representatives gears up for a historic vote later in the day on two charges accusing the U.S. President of abusing his power and obstructing Congress. Graphic: The S&P 500 and the Clinton impeachment - https://graphics.reuters.com/USA-STOCKS/0100B4S52JZ/clinton-impeachment.png
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