While you were sleeping: Record ride continues

Tue, 13 Dec 2016

By Margreet Dietz Dec. 14 (BusinessDesk) - Wall Street climbed to fresh records, again, while US Treasuries slid as investors geared up for the Federal Reserve’s first interest rate hike in a year. The Federal Open Market Committee began its two-day policy meeting and is expected to announce a rate increase on Wednesday. Wall Street rallied. In 1.19pm trading in New York, the Dow Jones Industrial Average rallied 0.7 percent, while the Nasdaq Composite Index climbed 1.3 percent. In 1.04pm trading, the Standard & Poor’s 500 Index gaine...

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