Major U.S. Equity Indexes Closed The Day at Records High
- Trade Magnates Team
- Oct 16, 2017
- 1 min read
Trade Magnates -Major U.S. equity indexes closed the day at records high after starting of slow earlier in the day.
JP Morgan and Bank of America has recovered last week’s losses and pushed the S&P Financials Index 0.65% higher after Treasury-bond has been risen on Monday. Furthermore, WTI crude oil prices rose on Monday at 51.90$ a barrel.
Healthcare sector continued to suffer from the President’s executive order to weaken the Obamacare though smaller subsidies to insurers leading the SPXHC to drop to almost 0.4%.
The Dow Jones Industrial Average rose to 22,953.14, S&P 500 rose 2,557.50 and the Nasdaq rose to 6,623.72.
Good day to the U.S. Equities with cautious investors still keeping their eyes open for next third quarter earnings results.