While you were sleeping: Nasdaq touches record high

Thu, 22 Sep 2016

By Margreet Dietz Sept. 23 (BusinessDesk) - Wall Street climbed, pushing the Nasdaq to a fresh intraday record high, as investors repositioned themselves after the US Federal Reserve kept its target interest rate steady and hinted at a potential December hike. "Lower for longer is a good thing for the equity markets," Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago, told Reuters. "It basically says risk back on.” In 3.08pm trading in New York, the Dow Jones Industrial Average rose 0.6 percent, while the Nasdaq C...

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