S&P 500 & Dow Jones End At Record Highs On Friday, Asia Trades Mixed; D-Street To Open Higher?

Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S. Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results.
The S&P 500 and Dow surged to all-time highs before giving up much of those gains by the close.
Asian stocks were mixed as the US dollar rose after the attempted assassination of Donald Trump reinforced bets that his chances of winning the presidential election have increased.
A Bloomberg gauge of the greenback’s strength against major peers climbed 0.2% in Asia while S&P 500 contracts were little changed. US Treasury futures fell, indicating yields will rise when cash trading begins in London. Cash trading of US bonds is closed in Asia due to a holiday in Japan.
Australian and South Korean shares rose while Hong Kong futures indicated an early loss when markets open. Australian bond yields edged lower. Bitcoin topped $60,000 in the wake of the attack.
Meanwhile, GIFT Nifty traded higher as the index was up 57 points or 0.23% at 24,603 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex today.
#stockmarketupdates #sensex #nifty #dalalstreetaction #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
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