MRCB
MarketWrap: The S&P 500 and Nasdaq set record highs on Tuesday in a broad rally led by financial and technology stocks. The advance comes as quarterly earnings season heats up and investors become optimistic that clarity on President Donald Trump's economic policies will be forthcoming.
The DJIA rose 112.86 points, or 0.57%, to 19,912.71, the S&P 500 gained 14.87 points, or 0.66%, to 2,280.07 and the Nasdaq added 48.01 points, or 0.86%, to 5,600.96.
Energy
Oil prices edged higher on Tuesday ahead of weekly US inventory data on evidence the global market is tightening as lower production by Opec and other exporters drains stocks. Brent LCOc1 futures gained 21 cents, or 0.4%, to settle at US$55.44 a barrel. - Reuters
Forex summary
*The ringgit lost 0.06% to 4.4388 per US$
*It was 0.03% higher at 4.7661 per euro
*Down 0.42% to 5.5653 per pound sterling
*Down 0.03% to 3.1269 per Singapore dollar
*0.23% higher to 3.3500 per Aussie
*0.38% lower at 3.9137 per 100 yen
Top foreign stories
China rises with US’ TPP exit: As an uncertain future dawns on the Trans-Paci c Partnership (TPP) agreement with the official withdrawal of the US, China is seen as playing a bigger role in the changing trade landscape in the Asian region. - Edge FD
DuPont expects Dow merger to close later than expected: Chemicals and seeds producer DuPont indicated on Tuesday that its US$130 billion merger with Dow Chemical Co will take longer to wrap up than previously expected as the companies await regulatory approvals. - Reuters
US trade commission to probe Nokia complaint against Apple: The US International Trade Commission said on Tuesday it will investigate a complaint by Nokia Technologies alleging that Apple Inc has imported smart phones, tablet computers and other electronics that infringe upon its patents. - Reuters
Limited time offer:
Just RM5 per month.
