Share this Story: Wall Street hits record, European shares gain on Powell nominationWall Street hits record, European shares gain on Powell nominationArticle content WASHINGTON/LONDON — Wall Street shares rose to record levels on Monday and European stocks turned higher after U.S. President Joe Biden picked Jerome Powell to continue as Federal Reserve chair, in a move welcomed as a signal of stability by global investors. Try refreshing your browser, or Wall Street hits record, European shares gain on Powell nomination Back to video Biden nominated https://www.reuters.com/markets/us/powell-tapped-second-term-fed-chair-2021-11-22 Powell as Chair and Lael Brainard, the other top candidate for the job, as vice chair. Advertisement Story continues below This advertisement has not loaded yet, but your article continues below. Europe’s STOXX 600 equity benchmark clawed back its losses to rise 0.26%, while an MSCI gauge of European shares was down 0.5%. Advertisement Story continues below This advertisement has not loaded yet, but your article continues below.

Source: National Post November 22, 2021 19:14 UTC