Wall St hits record on Trump’s tax comments
Indexes up: Dow 0.39 pct, S 0.21 pct, Nasdaq 0.2 pct (Adds details, comments, updates prices)Feb buy canada goose jacket cheap 15 (Reuters) Wall Street record setting run entered its fifth day on Wednesday, as President Donald Trump repeated his promise of tax cuts and on upbeat economic data that increased canada goose factory sale the odds of a rate hike and lifted bank stocks. retail companies, said he canada goose would lower taxes substantially and simplify the tax code echoing a vow he made Canada Goose online last Thursday that renewed optimism about the economy and revived canada goose clearance the trade
His comments boosted already upbeat sentiment after a spate of robust economic data including bigger than expected gains in retail sales and consumer prices in January that reinforced the strength of the economy.
Federal Reserve Chair buy canada goose https://www.canadagooseoutletcanada.ca jacket Janet Yellen, Canada Goose Coats On Sale in a testimony canada goose clearance sale before the House Financial Services Committee, stood by the stance she took on Tuesday that the central bank was on track to uk canada goose raise interest rates canada goose uk outlet at an upcoming policy meeting.
(Yellen) has made it clear that she wants to cheap canada goose uk raise rates, said Neil Massa, canadian goose jacket senior equity trader at Manulife Asset canada goose store Management in Boston.
she spoke yesterday, the March meeting wasn in play, but now that is definitely on the table and I think the Canada Goose Parka numbers today bode well for her canada goose uk black friday to do that.
After canada goose black friday sale the economic data, traders raised Canada Goose Online the odds of a rate hike in March to 26.6 percent from 13.3 percent before the data was released, according to Thomson Reuters data.
Financial stocks, which benefit in a canada goose outlet higher canada goose coats rate environment, again led the gainers among the 11 major S sectors, with a 0.63 percent gain. The rate sensitive utilities and real estate sectors fell the most. ET (1808 GMT), the Dow Jones Industrial Average was up 79.89 points, or 0.39 percent, at 20,584.3.
The S 500 was up 5.07 points, or 0.21 percent, at percent, at 2,342.65 and the Nasdaq Composite was up 11.65 points, or Canada Goose Outlet 0.2 percent, at 5,794.23.
Procter Gamble jumped 3.3 percent to $90.79 canada goose coats on sale and gave the biggest boost to the Dow and the S after activist investor Trian Fund disclosed uk canada goose outlet a stake in the consumer products company.
Shares of Southwest, United Continental, American Airlines and Delta rose between 2 percent and 4.2 percent after Warren Buffett Berkshire Hathaway reported investments topping $2.1 billion in each of the carriers.
AIG weighed the most canada goose uk shop on the S dropping 8.8 percent to $60.95 cheap Canada Goose after the commercial insurer reported a bigger than expected quarterly Canada Goose sale loss.
Declining issues outnumbered advancers on the NYSE by 1,550 to 1,249. On the Nasdaq, 1,357 issues rose and 1,301 fell.
The S 500 index showed 60 new 52 week highs and one new low, while the Nasdaq recorded 101 new highs Canada Goose Jackets and 16 new lows.