Sat, 30 May 2020

Record-breaking performance on Wall St Tuesday

Lola Evans
24 Apr 2019, 07:23 GMT+10

<p>NEW YORK, New York - It was an extraordinary day on Tuesday for U.S. markets with the dollar creaming other currencies, and two of the major stock indices hitting all-time highs.</p><p>Champagne corks popped as the Nasdaq and the Standard and Poor&#39;s 500 both closed higher than at any other time in history.</p><p>&quot;Today was a very broadly representative day of the overall economy. That&rsquo;s what&rsquo;s driving the markets,&quot; Roth citing results from United Technologies Corp, Lockheed Martin Corp and Coca-Cola Co told the Reuters Thomson news agency Tuesday.</p><p>The Dow Jones Industrial Average also put in a strong performance, adding 145.34 points or 0.55% to 26,656.39.</p><p>&quot;If the earnings season is as strong as we expect the next major signpost is the trade situation with China and getting that resolved.&quot;</p><p>The history-making Standard and Poor&#39;s 500 climbed 25.71 points or 0.88% to hit its record closing high of 2,933.68. They key index has now rised 17% this year.</p><p>The Nasdaq Composite did best of all, rising 105.56 points or 1.32% to hit its historic closing high of 8,120.82.</p><p>The U.S. dollar cruised higher, knocking the euro down to 1.1225 and the British pound to 1.2934 by the New York close Tuesday.</p><p>The Swiss franc fell to 1.0201. The Canadian dollar sank to 1.3430, while the Australian dollar dived to 0.7102. The New Zealand dollar weakened to 0.6657.</p><p>Only the Japapnese yen withstood the onslaught, but only to remain steady, there were no gains for the yen as it closed around 111.87 Tuesday.</p>

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