Record closes on Wall Street last night- S+P 500 in focus this morning

The close on Wall Street last night delivered new all time highs and record closing levels for the Dow Jones and the S+P 500 and this time the S+P did catch up with its peer. The index rose to set a new all time high, at 6,025.42 and subsequently posted a record daily close, at 6,021.63. The push higher was already unfolding well ahead of the Fed meeting minutes, as noted at the time. Those Fed minutes, which were on balance dovish, certainly supported the US stock markets and helped to stunt an earlier modest rebound in US treasury yields. Overnight the Nikkei 225 has been the standout underperforming Asian stock market and the European futures have shown little inclination to bounce so far and that has seemingly helped to stall the S+P 500 futures ahead of the European opening today. That said, there is no taking anything away from what was a technically positive and record-breaking close for the index last night. The S+P 500 is currently priced to reopen around 6,020