Business
Wall Street reaches record highs as investors tip upbeat economic outlook from US central bank – ABC News
The Dow Jones index and S&P 500 reach record highs as bullish investors expect the US Federal Reserve to lift its economic forecasts.
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.
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