Wall St hits 21,000 mark as banks soar on rate hike hopes - News Summed Up

Wall St hits 21,000 mark as banks soar on rate hike hopes


His comments, though lacking in detail, helped underscore his pro-growth stance that has pushed Wall Street to record highs in a post-election rally. The probability of a March rate hike jumped to 67.5 percent from roughly 30 percent after the comments from Fed officials, according to Thomson Reuters data. The dollar jumped 0.79 percent to mark its biggest one-day gain since Dec 15, while gold prices fell. Yellen, who has said a rate increase could happen in an upcoming meeting, is scheduled to speak on Friday. The S&P 500 index showed 85 new 52-week highs and one new lows, while the Nasdaq recorded 82 new highs and 11 new lows.


Source: The Edge Markets March 01, 2017 15:00 UTC



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