Photo: AFPBengaluru: Wall Street indexes hovered near record levels on Tuesday as investors digested comments from US Federal Reserve chair nominee Jerome Powell and shrugged off concerns over progress of the US tax bill. “There is much to like about equities from a macro and fundamental basis,” said Terry Sandven, chief equity strategist at US Bank Wealth Management in Minneapolis. The Conference Board’s consumer confidence index for November jumped to its highest in nearly 17 years. The index rose to 129.5 in November, compared with an increase to 124 expected by economists polled by Reuters. The S&P financial index rose 0.7%, leading the gainers.

Source: Mint November 28, 2017 17:15 UTC