All three major indexes hit record highs once again during today’s session, extending yesterday’s surge after the Presidential election. The Nasdaq and S&P 500 both nabbed record closes as well, the former with a win, while the Dow finished flat.All eyes were on Washington this afternoon, after the Federal Reserve cut interest rates by a widely anticipated 25 basis points and investors unpacked comments from Fed Chair Jerome Powell. Treasury yields remained lower in response, with the 10-year last seen near 4.32%.
Oil, Gold Prices Rise
Oil prices finished the day higher as traders continue to speculate on the impact of Trump’s election. December-dated West Texas Intermediate (WTI) crude rose 67 cents, or 0.9%, to settle at $72.36 a barrel. Gold prices rose today as well, on the back of a retreat in the U.S. dollar. Gold futures settled 1.1% higher at $2,705.80.More By This Author:
Stocks Snag More Records; Fed Cuts Rates
