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S+P 500 sets first ever daily close above 6,100
The S+P 500 was not the best performing major US stock market index yesterday. That mantle belonged to the Dow Jones. Nevertheless, the S+P made history, when it posted its first ever daily close above 6,100. The index set a new all time high yesterday at 6,118.73 and closed right on that record high too. The overall rush to grab US stocks was further fuelled by the latest rhetoric from President Trump; demanding the Fed cut interest rates immediately. An update here yesterday poured cold water on that dictatorial outburst, but it merely served to drive US markets higher. Of course the next Fed decision is looming next week (due at 7pm Wednesday January 29) and despite what Trump says, the overall consensus is for the Fed to keep rates. The S+P 500 futures are currently pricing a slightly lower opening for later today, right now at around 6,112. There will be more to add on this index ahead of that opening
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US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
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