General
Wall Street reaches record highs as investors tip upbeat economic outlook from US central bank
US stocks reached record highs after a slow start with the Dow Jones and S&P 500 hitting all-time highs as investors await the latest meeting of the US Federal Reserve.
Key points:
- The Dow Jones index is up 0.5pc to 32,953, the S&P 500 is up 0.6 per cent to 3,969, and the Nasdaq is up 1pc to 13,460
- The Australian dollar is steady at 77.57 US cents
- The ASX SPI 200 is up 0.4pc to 6,804
However, rising borrowing costs continued to weigh on sentiment.
The S&P 500 was bolstered by IT giant Apple.
Delta Air Lines, Southwest Airlines and JetBlue Airways said leisure bookings had increased and offered some of the first concrete signs that the worst may be over for the airline industry.
The S&P 1500 airlines index jumped more than 3 per cent to a…
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