Dow jumps to record as Yellen signals gradual rate hikes

Dow jumps to record as Yellen signals gradual rate hikes

Dow jumps to record as Yellen signals gradual rate hikes

A gauge of the dollar fell for the fifth day, its longest streak of losses in two months.

In Asia, shares were mixed on Friday in morning session as markets digested the second day of Federal Reserve Chair Janet Yellen's testimony. Oil and gold advanced. Over the last 12 months, the all items index rose 1.6 percent.

In corporate news, JPMorgan Chase reported quarterly net income of seven billion USA dollars, up 13 percent year-on-year. Weak retail sales and inflation numbers also raised the prospect of dovish policy from the Fed, which is bullish for stocks.

Under Analyst's Radar: Clubcorp Holdings Inc (MYCC)
The Firm is also the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. Putnam Invests Limited Liability Corporation owns 0.01% invested in ClubCorp Holdings Inc (NYSE:MYCC) for 280,316 shares.

USA market indexes were higher on Thursday with the Dow Jones reaching another new high. And Citigroup topped earnings estimates, powered by strength in its investment banking group.

The S&P 500 climbed 3.53 points to 2,446.78, while the tech-heavy Nasdaq was up 11.22 points at 6,272.40.

At the closing bell, the Dow Jones Industrial Average stood at 21,640.48, up 0.4 per cent and its third straight record.

French Army Marching Band Performs Daft Punk Medley for Bastille Day
All while under the amused eye of French President Emmanuel Macron , as well as a perplexed glare from President Trump. In other words, it was one hell of a shindig to mark the turning point in the French Revolution.

The S&P 500 is up 22.65 points, or 0.9 percent. The Dow Jones Small-Cap Value TSM Index closed at 9598.07 for a gain of 16.06 points or 0.17%.

Thursday's action left the Nasdaq composite ahead almost 2% for the week and tracking toward its best weekly finish since late May.

Ex-Soviet Counter Intelligence Officer Attended Trump Jr Meeting, NBC Says
That same month, Kushner also met with Sergey Gorkov, chief of Vnesheconombank and a former member of Russian intelligence. The Harvard graduate is also the progeny of a powerful NY real estate family, and has always been in Trump's inner circle.

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