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Thursday, 23 February 2017

Dow Notches Another Record High Helped By DuPont; S&P Slips

The S&P 500 ended modestly weaker on Wednesday, holding losses after minutes from the Federal Reserve's last meeting kept alive a potential near-term interest rate hike, while DuPont shares helped the Dow close at an all-time high for a ninth straight session. The major US indexes are trading around record highs, driven up since President Donald Trump's Nov. 8 election by the promise of lower taxes, reduced regulations and higher infrastructure spending. Many Fed policymakers said it may be appropriate to raise rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's January 31-Feb. 1 discussion released on Wednesday.

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