Trump is pushing for no hike…
US stocks are rebounding higher as the market hopes for a dovish Fed. The President was tweeting once again today for the Fed to put off hiking.
A snapshot of the major indices a few minutes into the session is showing:
- S&P +18.7 points or +0.74%. Yesterday the S&P made a new intraday session low for 2018 (below 2532 to 2530). The price is currently at 2564.
- Nasdaq up 48 points or 0.79% at 6802. The index closes in the red for 2017 yesterday (2017 close was 6903.38)
- Dow is up 205 points or 0.85%
US yields are lower but off the lowest levels today: