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Powell gave a boost to US stock markets but there was some unease mid-day as signs of a sector rotation towards pro-cyclical small-cap companies.
Closing changes for today:
- S&P 500 +1.2%
- Nasdaq Composite +1.5%
- Dow Jones Industrial Average +1.2%
- Russell 2000 +3.1%
- Toronto TSX Comp +1.1% (all-time high)
In the week:
- S&P 500 +1.4%
- Nasdaq Composite +1.4%
- Dow Jones Industrial Average +1.3%
- Russell 2000 +3.4%
- Toronto TSX +4.1%
The S&P 500 is now just 0.6% away from its all-time high.
This article was written by Adam Bouton on www.forexlive.com.
